About Circles.Life
Circles.Life is a company based in Singapore founded in 2014 by Adeel Najam, Abhishek Gupta, and Rameez Ansar.. Circles.Life has raised $50 million across 3 funding rounds from investors including Warburg Pincus, Peak XV Partners and EDBI. Circles.Life offers products and services including 5G SIM-Only Plans, Borderless Plan, and Family Plan. Circles.Life operates in a competitive market with competitors including MasMovil, Vodacom, Amaysim, Gigsky and Boost Worldwide, among others.
- Headquarter Singapore
- Founders Adeel Najam, Abhishek Gupta, Rameez Ansar
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$87.38 M (USD)-4as on Dec 31, 2023
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Net Profit
$-9.14 M (USD)26as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$50 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Warburg Pincus
& 3 more
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Employee Count
Employee Count
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Products & Services of Circles.Life
Circles.Life offers a comprehensive portfolio of products and services, including 5G SIM-Only Plans, Borderless Plan, and Family Plan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides high-speed data plans for individual use in Singapore.
Enables seamless data usage across multiple countries for travelers.
Offers shared data and perks for multiple family members.
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Funding Insights of Circles.Life
Circles.Life has successfully raised a total of $50M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(14 Feb 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series C - Circles.Life | Valuation | Warburg Pincus |
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| Jun, 2019 | Amount | Series C - Circles.Life | Valuation | EDBI | |
| Feb, 2019 | Amount | Series C - Circles.Life | Valuation | Peak XV Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Circles.Life
Circles.Life has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Warburg Pincus, Peak XV Partners and EDBI. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Government-backed investments are directed toward healthcare, fintech, and various sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Circles.Life
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Circles.Life
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Circles.Life Comparisons
Competitors of Circles.Life
Circles.Life operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MasMovil, Vodacom, Amaysim, Gigsky and Boost Worldwide, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile internet, calling, and telecommunications services are provided across Spain.
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| domain | founded_year | HQ Location |
Mobile telecommunication services are provided by Vodacom in South Africa.
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| domain | founded_year | HQ Location |
Mobile phone services are provided by Amaysim in Australia.
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| domain | founded_year | HQ Location |
Roaming data services for travellers
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| domain | founded_year | HQ Location |
Prepaid cell phones & no contract plans
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Circles.Life
Frequently Asked Questions about Circles.Life
When was Circles.Life founded?
Circles.Life was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Circles.Life located?
Circles.Life is headquartered in Singapore.
Is Circles.Life a funded company?
Circles.Life is a funded company, having raised a total of $50M across 3 funding rounds to date. The company's 1st funding round was a Series C of $50M, raised on Feb 14, 2019.
What is the annual revenue of Circles.Life?
Annual revenue of Circles.Life is $87.38M as on Dec 31, 2023.
What does Circles.Life do?
Circles.Life was founded in 2014 in Singapore as an online-only mobile virtual network operator. Post-paid mobile services are offered, allowing customers to customize data-centric plans via a dedicated app. Operations rely on the M1 network infrastructure, with no physical distribution channels used. The focus remains on flexible, consumer-driven telecom solutions in the digital space.
Who are the top competitors of Circles.Life?
Circles.Life's top competitors include MasMovil, Ultra Mobile and Gigsky.
What products or services does Circles.Life offer?
Circles.Life offers 5G SIM-Only Plans, Borderless Plan, and Family Plan.
Who are Circles.Life's investors?
Circles.Life has 4 investors. Key investors include Warburg Pincus, Peak XV Partners, EDBI, and Founders Fund.
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