Lifestyle

Circles.Life Invested Over $50M To Launch In Taiwan - Expanding To Australia Next

In February this year, Circles.Life closed a Series C round of financing led by Sequoia India to fund its business expansion.

It expressed its plans to launch in more than five countries in the next 18 months, investing over $50 million in each market.

Earlier this month, Circles.Life raised an additional undisclosed amount in a separate funding round led by EDBI to support its expansion.

At the back of this news, Circles.Life announced today that it has launched their digital mobile services in its first overseas market, Taiwan.

This is in part of its partnership with one of the largest telco players in the country.

Telco Landscape In Taiwan

According to Circles.Life, telco players in Taiwan bind customers with contracts up to 36 months, riddled with hidden costs like registration fees. Some plans even ask for a sizeable upfront deposit.

Above all, the majority is still getting their plans and paying their phone bills at physical stores.

Noting these concerns, Circles.Life wants to let customers regain their “power” through a no-contract and flexible plan.

In its press release, Circles.Life shared that it will be offer Taiwanese customers a base plan that comes with 18GB data, and an add-on option for unlimited data.

Next: Australia

It expressed confidence in its technology stack, Circles-X, which enables the telco to launch new services in weeks instead of years.

“Circles.Life’s rapid expansion is powered by our innovative technology, Circles-X, that was built from the ground up to create truly personalised digital services and demonstrate a new model for what a telco of the future could look like,” said Abhishek Gupta, founder of Circles.Life.

“Circles-X’s agility makes launching digital mobile services in a new market as immediate as launching an app. We are the first to do this in the telco space, and our Taiwan launch is just the start of our ambitions globally.”

In line with its international expansion plans, Circles.Life said that it will be expanding to Australia next.

Featured Image Credit: Circles.Life

 

Subscribe to Vulcan Post Newsletter

Stay updated with our weekly curated news and updates.
 
Read more about our privacy policy here.