Singapore-based waste management company Blue Planet has secured an undisclosed sum in funding from Malaysian PE firm Bintang Capital Partners.
The startup will utilise the capital to expand its operational teams and waste management technologies to pave the way for handling a broader range of waste types in current and emerging markets.
Founded in 2017 by Madhujeet Chimni, Prashant Singh, and Bharadwaj Chivukula, Blue Planet provides waste collection, transportation, segregation, processing, and treatment services. It has a presence in India, Malaysia, Singapore, and the UK.
Blue Planet reportedly manages 15,200 metric tonnes of waste daily, produces 10,000 normal cubic metres of biogas (as clean energy) each day from organic materials, and has recovered more than 800 acres of land (legacy landfills) for the public. It claims to have processed 3.3 million metric tonnes of waste, reducing two million metric tonnes of CO2 emissions last year.
Prior to the latest round, Blue Planet secured investments from the Neev Fund, OSK Ventures International, and Japan’s Mizuho Asia Partners. It has also acquired Disaster Restoration Singapore, Xeon Waste Managers in India, and Qube Renewable in the UK.
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