Cashback rewards startup ShopBack’s journey from a scrappy idealistic startup to one of Singapore’s established names is complete.
In March, the six-year-old company announced a US$30 million top-up round led by Temasek added to the US$45 million it raised last year.
Funding doesn’t make a business. But when the investor is Temasek—the Singapore sovereign fund with US$220 billion in assets—it gives a local startup entry to the royal court of Singapore Inc Singapore Inc Singapore Inc refers to a collective of government-linked corporations that play key roles in the country's economy .