The Business Times
The latest capital injection brings ShopBack’s total funding since its founding in 2014 to US$113 million. The company is also backed by SoftBank Ventures Asia and counts Singapore-based Qualgro and Quest Ventures among its earlier investors.
A senior executive at Temasek told BT in October last year that the state investment firm has its eye on what it calls “aspiring unicorns” in South-east Asia – companies valued between US$100 million and US$1 billion.
