Zilingo and ShopBack plan to raise $150- $200 Million from Temasek Holdings in their next round, which will place them in the list of SEA’s newest unicorns. Zilingo, a B2B retail platform is already backed by Sequoia Capital India and EDBI whereas ShopBack, the Singapore-based cash rewards and discount startup has previously raised funds from Temasek. Both firms will use these funds for market expansion.
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