Warburg Pincus adds digital telco Circles.Life to its SEA portfolio

Rameez Ansar, Co-founder & Director, Circles.Life

Singapore-headquartered digital telco Circles.Life said it has recently raised a ‘substantial investment’ from global PE major Warburg Pincus, and added that its latest round of funding, coupled with the capital it had raised earlier would help accelerate its growth and expansion into new markets.

The Singapore-headquartered mobile operator, which launched its services in 2016, said it had over 5% market share in the city-state and was witnessing ‘strong momentum here’. It has also expanded operations to Taiwan and Australia, and the company claims to be the only digital telco in Asia Pacific with significant operations in multiple markets.

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