Liberty Wireless Pte Ltd

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Liberty Wireless Pte Ltd - overview

Established

2013

Location

Singapore, -, Singapore

Primary Industry

Telecoms

About

Liberty Wireless Pte Ltd, operating under the brand Circles. Life, provides innovative postpaid mobile plans with a focus on flexibility and customer-centric features, enhancing mobile connectivity for local and international users. Founded in 2013 in Singapore, Liberty Wireless Pte Ltd operates as a telecommunications company offering postpaid mobile services. The firm has not undergone significant pivots in its business strategy and does not have any known parent or subsidiary companies.


The founders include Abhishek Gupta and Adeel Najam among others, who have experience in the tech and telecom sectors. The company successfully raised USD 5 million in a Secondary Stock Purchase on December 13, 2021, which is the total amount raised to date from five different deals. Circles. Life primarily offers a range of postpaid mobile plans designed for both local and international customers.


Their core products include diverse mobile data plans featuring unlimited calls and varying data allowances, with a distinct focus on seamless roaming capabilities across multiple countries, including Malaysia, Indonesia, Thailand, Taiwan, Hong Kong, Bangladesh, and Sri Lanka. These plans are equipped with lifestyle perks such as complimentary roaming data and exclusive discounts on movie tickets, enhancing the overall customer experience. The plans cater to tech-savvy individuals who demand flexibility and value from their telecommunications provider, supported by customer service powered through CirclesAI, utilizing OpenAI's latest models for user queries. The company operates within Singapore and is expanding its services to several Southeast Asian markets, targeting both individual consumers and families seeking reliable mobile connectivity.


In the most recent financial year of 2023, Liberty Wireless Pte Ltd reported a revenue of USD 8. 54 mn and an EBITDA of USD -60. 78 mn. The company's revenue model is built on subscriptions for mobile plans, with pricing tiers catering to various customer needs for data and features, promoting a direct relationship with end users.


Liberty Wireless Pte Ltd is strategically focused on enhancing its product offerings with plans to introduce innovative mobile services aimed at tech-savvy consumers. The firm is also targeting geographical expansion into various Southeast Asian markets over the coming years. The recent funding of USD 5 million, raised in December 2021 via a Secondary Stock Purchase, will be utilized to support these growth initiatives, emphasizing the development of new products and the expansion of their operational footprint.


Current Investors

Founders Fund, SG Growth Capital, Panthera Capital Investments

Primary Industry

Telecoms

Sub Industries

Telecoms Providers & Services

Website

www.circles.life

Verticals

Cloud Computing, Mobile Apps

Total Amount Raised

Subscriber access only

Liberty Wireless Pte Ltd - timeline of key events

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Liberty Wireless Pte Ltd - financials

Fiscal Year EndedDec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)45,9612,539,30931,881,25568,503,85989,971,942-----
% Revenue Growth (YoY)-5424.9%1155.5%114.9%31.3%-----
EBITDA (USD)(1,129,000)(4,848,141)(5,037,695)(7,632,006)(58,902,879)(982,682)(1,019,901)---
Operating Income (USD)(1,138,012)(5,119,578)(5,605,558)(8,622,632)(65,156,180)(2,560,548)(3,692,583)---
Operating Margin(2476.0%)(201.6%)(17.6%)(12.6%)(72.4%)-----
% EBITDA Margin(2456.4%)(190.9%)(15.8%)(11.1%)(65.5%)-----
NET Income (USD)(1,138,012)(5,119,578)(5,611,586)(8,854,446)(66,473,785)(2,741,445)(3,871,641)---
% Net Margin(2476.0%)(201.6%)(17.6%)(12.9%)(73.9%)-----

Liberty Wireless Pte Ltd - employee data

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