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Announced

Completed

Asia Partners led a $80m Series F funding round in Temasek-backed ShopBack.

Financials

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Transaction Value£67m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Cross Border

Private Equity

online shopping

Friendly

Singapore

Venture Capital

E-commerce

Minority

Private

Acquisition

Synopsis

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Asia Partners, a growth equity firm, led a $80m Series F funding round in Temasek-backed ShopBack, a developer of an online shopping platform, with participation from January Capital. he funding will be used to develop innovative products for users and merchant partners, deepening its presence across the Asia Pacific. It will also be invested in "building capabilities for public market readiness." “We want to help our users to shop and save smarter, particularly in this inflationary economy with recession looming on the horizon," Mr Henry Chan, ShopBack Co-Founder and CEO.

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