Singapore's AI marketplace, Snaphunt, secures $1M in seed funding

Snaphunt, an intelligent Singaporean HR marketplace, has raised $1 million in a seed funding round led by BEENEXT.

Tulika founded Snaphunt, which acts like a job search concierge, in 2017, after seeing a growth in Singapore’s HR tech space. The startup is an easy to access human resources platform for job seekers and companies. Once the candidates have signed up and completed profile, they no longer need to spend hours looking at job boards.

The artificial intelligence (AI)-driven platform will propose jobs to the candidate that matches their profile and they can apply or decline with a simple click. This brings a lot of transparency to recruiting by providing job seekers real-time updates on the status of their applications.

On the other hand, for employers, it drastically reduces manual tasks involved in recruiting while also reducing hiring costs by more than 90 per cent as compared to agency recruiters. According to Tech in Asia, the funding will help the company in building its strong presence in Singapore this year.

BEENEXT is the new fund launched by Japanese e-commerce entrepreneur and investor Teruhide Sato recently. The Singapore-based venture capital firm has been investing in startups from India, Southeast Asia, Japan, and the US.

"We are thrilled by the force and vision of Snaphunt and are believers in the power of the Founders. We always try to facilitate the partnership of founders among 150+ companies we have invested in so far and are happy to have Tulika joining our community. We believe that the solutions of Snaphunt will also help our start-up companies,” says Teruhide Sato, managing partner of BEENEXT.

Read more here.

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