Singapore-based job search platform Snaphunt winds up, citing funding delay
Snaphunt was said to have been in talks with an investor, but the delay ultimately proved fatal for its cash position.
Singapore's AI recruitment platform Snaphunt is ceasing operations due to a delay in securing funding, according to a government notice published on August 7. The company, founded in 2017, had announced its winding-up on July 30 after its planned US$2.8 million funding round fell through, leaving it without sufficient cash to continue.
Tan Wei Cheong and Justin Lim from Deloitte Singapore Restructuring Services were appointed as joint liquidators, with the company exploring options for its remaining assets, including a potential sale. Executive Tulika Tripathi stated that the funding delay left Snaphunt with no cash to sustain operations. The AI-driven platform automated functions like candidate matching, video interviews, applicant screening, and reference checks, helping over 15,000 employers and eight million professionals across more than 140 countries.
Despite the closure, Tripathi expressed pride in the team's achievements and hopes the platform can continue under new ownership.
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