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DealStreetAsia

Singapore cashback platform ShopBack gets $80m from Temasek arm

Company offers shopper rewards for Foodpanda, Dyson and others

ShopBack is looking to expand into more markets. (Screenshot from ShopBack website)

SINGAPORE -- Singapore-based shopping and rewards platform ShopBack has raised an additional $80 million in funding in a Series F extension from 65 Equity Partners, a wholly owned subsidiary of state investor Temasek Holdings.

Having raised $80 million from Asia Partners in July this year, total funds raised by ShopBack in its Series F round now stand at $160 million, the company said on Monday. It has raised over $310 million in total funding to date.

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