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

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.