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Temasek-backed ShopBack raises another $US80m

Carrie LaFrenz
Carrie LaFrenzSenior reporter

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Temasek Holdings-backed ShopBack has raised another $US80 million ($124.5 million), taking the total capital raised to $US275 million in four years, as the Singapore-based start-up readies for a possible public float.

65 Equity Partners – a wholly owned investment platform of Singapore state-owned fund Temasek – will take an undisclosed equity stake and a board seat in the shopping and rewards platform founded in 2014.

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    Original URL: https://www.afr.com/companies/retail/temasek-backed-shopback-raises-another-us80m-20221003-p5bmqu