No child’s play: Kiztopia looks to build indoor playground empire in South-east Asia
Revenue could grow by 15% to 20% for the next financial year, with intellectual property licensing as a growth driver in the long run, CEO says
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CHILDREN’S playground and edutainment brand Kiztopia is set for further growth in South-east Asia, after receiving a significant investment from Singapore-based private equity firm Tower Capital Asia.
In October, Tower Capital Asia said it would acquire a majority stake in Kiztopia through investment vehicle Ectivate for an undisclosed sum.
“We need funding to grow faster, and this is a golden time for us,” Kiztopia founder and chief executive officer Heidi Tian told The Business Times in an interview.
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