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17-02-2025, 08:55 AM
Singapore’s unicorns eye global growth despite funding downturn, economic headwinds https://www.straitstimes.com/business/co...-headwinds
Singapore's Unicorns Eye Global Growth Despite Funding Downturn, Economic Headwinds
Title: Singapore’s unicorns eye global growth despite funding downturn, economic headwinds
Source: The Straits Times
Date: February 17, 2025
Article Summary:
- Theme: The article examines the challenges faced by Singapore's "unicorns" (start-ups valued over US$1 billion) amidst a global funding downturn and economic headwinds. Despite these difficulties, the companies are seeking growth opportunities through global expansion.
- Core Points:
- Global Expansion: Unicorns like Carro, Sygnum, and Carousell are expanding into international markets, including Japan, Hong Kong, Switzerland, Europe, and the US, to achieve growth despite funding limitations.
- Navigating Challenges: Companies are facing hurdles such as regulatory requirements, securing funding from skeptical investors, and navigating a tough funding environment.
- Valuation and Growth: The funding winter has put pressure on valuations, forcing companies to prioritize cash flow and profitability, impacting their growth trajectory.
- Future Outlook: Experts suggest that Singapore's unicorns need to consider global markets, particularly the US, to achieve significant growth and address the funding limitations in the local and regional markets.
- Phenomenon: This article highlights the evolving landscape of the start-up ecosystem in Singapore, demonstrating the need for adaptability and resilience in a globalized marketplace. The article emphasizes the importance of international expansion for Singaporean companies to thrive despite economic headwinds.
Singapore's Unicorns Eye Global Growth Despite Funding Downturn, Economic Headwinds
Title: Singapore’s unicorns eye global growth despite funding downturn, economic headwinds
Source: The Straits Times
Date: February 17, 2025
Article Summary:
- Theme: The article examines the challenges faced by Singapore's "unicorns" (start-ups valued over US$1 billion) amidst a global funding downturn and economic headwinds. Despite these difficulties, the companies are seeking growth opportunities through global expansion.
- Core Points:
- Global Expansion: Unicorns like Carro, Sygnum, and Carousell are expanding into international markets, including Japan, Hong Kong, Switzerland, Europe, and the US, to achieve growth despite funding limitations.
- Navigating Challenges: Companies are facing hurdles such as regulatory requirements, securing funding from skeptical investors, and navigating a tough funding environment.
- Valuation and Growth: The funding winter has put pressure on valuations, forcing companies to prioritize cash flow and profitability, impacting their growth trajectory.
- Future Outlook: Experts suggest that Singapore's unicorns need to consider global markets, particularly the US, to achieve significant growth and address the funding limitations in the local and regional markets.
- Phenomenon: This article highlights the evolving landscape of the start-up ecosystem in Singapore, demonstrating the need for adaptability and resilience in a globalized marketplace. The article emphasizes the importance of international expansion for Singaporean companies to thrive despite economic headwinds.
