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Shopback

Shopback Logo

Cashback Site and your definitive guide to Online Shopping 


Location

Singapore

Year Founded

Not Specified

Company Size

Not Specified

Hiring

No Job Openings

Funding Raised

$100.6M raised

Email

Log In to Access

Facebook

@ShopBackSG

LinkedIn

Not Specified

Instagram

Not Specified


About Shopback

Headquartered in Singapore with an affiliate office in the United States, Malaysia, the Philippines, India and Indonesia, ShopBack is one of the pioneers who introduced a fresh spin to Southeast Asia’s online shopping scene in September 2014. Granting customers Cashback when they shop at over 1,000 online stores, ShopBack connects both merchants and shoppers with a mutually beneficial reward system.

When a shopper makes a successful transaction on any store that is linked from ShopBack’s website, the merchant who earns from the purchase will give a commission to ShopBack. Thereafter, ShopBack shares its commission with the shopper, who will receive it as Cashback.

With a dedicated team of over 50 people equipped with extensive experience in the ecommerce industry, ShopBack has successfully established presence in four markets within a year, with future plans of gaining a greater foothold on the regional map.

In October 2015, ShopBack was crowned the winner of the Gold award in the Best Start-up (Growth Stage) category and Silver award in the Best Innovative Infocomm Products (Consumers) category at the 7th Singapore Infocomm Technology Federation (SiTF) Awards. This is the local start-up’s maiden voyage in industry awards, pitting against more than 300 nominations for the esteemed titles.

Founders & Leadership

Kevin Peng  LU

Kevin Peng LU

Online Marketing Lead


Financials Beta

Business Model: Not Specified

Revenues: $37.5 Million - $112.5 Million / year

Expenses: $37.5 Million - $112.5 Million / year

Debt: Request

Operating Status: Active

Funding Raised: $100.6 Million

Investment Rounds: 3 Rounds

Funding Stage: Series B

Last Funding Date: Series B


Investors

East Ventures

Early stage seed capital

AppWorks Ventures

Accelerator that does Seed and Early Stage Venture Investments

Temasek Holdings

Temasek is an investment company based in Singapore, with a focus on delivering sustainable returns over the long term.

Rakuten

Internet service(e.g. e-commerce), Financial service, Investment


Funding Rounds

Funding

$100.6 Million

Funding Rounds

3 rounds

B

$75,000,000

Series B Round

Growth Stage

Mar 2020

Temasek Holdings LogoRakuten LogoEast Ventures Logo
A

$25,000,000

Series A Round

Early Stage

Nov 2017

AppWorks Ventures LogoEast Ventures Logo
S

$600,000

Seed Round

Early Stage

Apr 2015

East Ventures Logo

Frequently Asked Questions

What industry is Shopback in?

Shopback is in the Commerce and FMCG industry.

Who are Shopback's founders and individuals in key leadership positions?

Shopback has 1 founders and people in key management positions. They are:
  • Kevin Peng LU
  • Is Shopback currently hiring?

    No, Shopback is currently not hiring.

    Visit Shopback's Jobs Page to stay updated with any upcoming open positions.

    Which country is Shopback headquartered in?

    Shopback is based in Singapore.

    How much funding has Shopback raised to date?

    Shopback has raised USD$100.6 Million in funding over 3 rounds. Their most recent round was a Series B round.

    Who are Shopback's investors?

    Shopback has 4 investors. They are:
    • East Ventures
    • AppWorks Ventures
    • Temasek Holdings
    • Rakuten

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