The raise will support the Group’s growth efforts across the Asia Pacific as it gears up for the public markets, says ShopBack on Dec 8.
ShopBack has raised US$200 million ($270.08 million) in an oversubscribed Series F round.
The final close comes after US$30 million in equity capital via a strategic investment from Australian bank Westpac Banking Corporation. This follows an earlier announcement of ShopBack’s US$160 million Series F tranche from Asia Partners and 65 Equity Partners, among others.
