Malaysian private equity firm OSK Ventures International Berhad has invested an undisclosed sum in Singapore-based technology-driven end-to-end waste solutions company Blue Planet Environmental Solutions (Blue Planet), according to an official release.
Blue Planet will use the investment to acquire innovative technologies to manage organic and inorganic waste streams that are tailored to the region’s specific requirements.
“With Blue Planet’s proven technology and significant track record in delivering viable solutions in the waste management platform, we look forward to growing with them and at the same time, being able to contribute towards greater social impact especially with regards to the environment,” said Patrick Yee, OSKVI’s Chief Operating Officer.
Blue Planet’s integration of sustainability metrics in its operations enables it to enhance existing processes in the waste management industry and add significant commercial value.
Last December, the company acquired Yasasu EMS, an organic waste processing company based in Mumbai. It earlier acquired Rudra Environmental Solutions, which owns and operates a thin film plastic waste recovery facility in Pune, India.
OSK Ventures is a Malaysia-based private equity company that provides equity capital to companies ranging from revenue-generating startups to late-stage growth companies with operating profit track records seeking expansion capital.
Its current investment focus includes technology, education, consumer and retail, and financial services.
Last July, it set up a joint venture fund with Japan’s SBI Holdings Inc with an initial commitment of $20 million. Named OSK-SBI Dynamic Growth Fund, the fund has both partners contributing equally to the corpus. It will focus on investments in private startups in the ASEAN region and have a lifespan of five years.