Wastewater treatment startup Hydroleap seeks Asia-Pacific expansion

[JAKARTA] Fresh from raising US$4.4 million in its latest funding round, Singapore-based wastewater-treatment startup Hydroleap wants to grow its footprint in the Asia-Pacific, and has Indonesia, Japan and Australia on its radar.

Since its founding seven years ago, the company has raised US$7.7 million from various institutional investors, including Enterprise Singapore’s investment arm Seeds Capital, SGInnovate and the Wavemaker Group. More strategic investors will be announced soon, said the startup’s founder and chief executive, Mohammad Sherafatmand.

In a recent interview with The Business Times, he spoke of the many promising opportunities in Indonesia’s water-management market, and disclosed the company’s plan for a new entity there in 2024.