SINGAPORE (Feb 14): Local mobile virtual network provider Circles.Life announced Thursday it has closed a Series C round of financing, and unveiled plans to start operations in Taiwan and Australia this year.

The company did not disclose the amount raised in this Series C round. The round of financing was led by Sequoia Capital India, with other investors including family offices in Indonesia.

Circles.Life claims that it has secured a 5% market share in Singapore since its launch in 2016, and will look to replicate its model in other markets.

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