Singapore Temasek aims to lift 'aspiring unicorns'

Search for future digital leaders comes despite global skepticism of startups

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Temasek's increasing investment in startups reflects the belief that the digital economy will continue to grow. © Reuters

TAKASHI NAKANO, Nikkei staff writer

SINGAPORE -- Singaporean state investment company Temasek Holdings is looking to boost its investment in "aspiring unicorns," grabbing stakes in promising digital companies to secure high returns once they debut on the stock market.

"I would expect even in the next six to 12 months, we'll be doing a few more" investments in such companies in Southeast Asia, Rohit Sipahimalani, who leads Temasek's startup focus as a joint head of the investment group, told Nikkei recently in an exclusive interview.

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