Temasek’s 65 Equity Partners Pours $80 Million Into ShopBack
- Online shopping rewards app valued at close to $1 billion
- Startup eyes going public though hasn’t decided on timing: CEO
This article is for subscribers only.
ShopBack, an online shopping rewards app backed by Singapore’s Temasek Holdings Pte, raised $80 million from the state investment giant’s late stage fund as it works toward going public.
Temasek’s 65 Equity Partners Holdings Pte will join the Singapore-based startup’s extended Series F round, ShopBack said in a statement on Monday. The round brings the total capital raised by ShopBack to more than $310 million.