East Ventures on Instagram: "If you went to the heart of Singapore's startup hub Blk71 around 2015, you will see Henry Chan, Joel Leong, and several of their early team members, working late almost everyday. They were trying their best to grow a cashback platform called ShopBack. . On February 11th, 2015, our Managing Partner Willson Cuaca attended BASH's opening event and Chinese New Year Celebration. In that event, Willson met Henry for the first time, and Henry pitched to him. They signed the new round of investment for @shopbacksg the next day. . At that time, ShopBack was still growing in Singapore and just started its business in Malaysia. It even hasn't existed in Indonesia, the biggest country in Southeast Asia. . Fast forward to today, ShopBack is leading the wave of smarter shopping in Asia Pacific with a one-stop rewards and discovery paltform. It has presence in 7 countries; Singapore, Indonesia, Malaysia, the Philippines, Thailand, Taiwan, and Australia. . In 2018, ShopBack saw a 250% year-on-year growth in orders and sales. The company was powering more than 1.5 million monthly orders for more than 7 million users. It was delivering close to US$1 billion in sales for over 2,000 merchant partners, both online and offline. . As its early backers, and follow-on investors with EV Growth, we are really excited to see the journey of ShopBack in reaching their maximum potential. . #eastventures #startup #venturecapital"