Singapore based intelligent recruitment platform Snaphunt has raised US$1 Mn in a funding round from venture capital firm Beenext. The financing round gives the tech firm a post-money valuation of over US$7.2 Mn as per data from VentureCap Insights.
The HR Tech startup will use the proceeds to expand the company’s footprint in Asia and strengthen its offering to employers who are looking to increase their remote and onsite teams across the region, Snaphunt’s founder and CEO Tulika Tripathi told Tech in Asia.
Founded in 2017, Snaphunt enables job seekers find employment, providing real-time updates on their applications through its AI-driven platform. It also allows recruiters to conduct pre-recorded video interviews and invite the final shortlist of candidates to face-to-face interviews.
The recent funding comes as a follow up to its US$1 Mn seed round that was also led by Beenext in February 2019.
Snaphunt was also one of the participants of the TechHR Singapore Startup Program in 2019, which will commence again in May this year. Some of the other features of the platform include generating a job advertisement in just a few clicks, receiving relevant screened applications, conducting pre-recorded video interviews, and then inviting the final shortlist for face to face interviews. The funding comes as a validation of the continuing interest in the HR Tech market, which has received a boost on account of increased digitalization as a result of the pandemic last year.