Temasek Eyes Health, Education Tech Investments After Pandemic

Singapore’s Temasek Holdings Pte is in active talks to make its first direct investment in

Singapore’s Temasek Holdings Pte is in active talks to make its first direct investment in health care and education tech startups in Southeast Asia, said the company’s chief investment strategist.

The Covid-19 outbreak this year has fueled demand for digital health and education services, prompting the state investment firm to review potential targets to add to its $227 billion portfolio. Temasek has been turning its attention to the two nascent sectors, though it has so far preferred to invest indirectly via venture capital funds that it backs in the region.

“We see multi-billion-dollar companies emerging from these sectors over the next few years,” Rohit Sipahimalani, who also serves as head of Southeast Asia at Temasek, said in an interview. “We are in active dialogue with some of them right now, and I wouldn’t be surprised if we do make an investment.” He declined to identify specific target companies.

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