Private Markets Analyst, pvtIQ

Beier Luo

Private Markets Analyst

Private Markets Research and Data, Reimagined

pvtIQ

pvtIQ leverages Smartkarma’s technology and distribution to deliver high-quality research and data on Asian private markets.

Private Capital Markets

<h2>Executive Summary</h2>
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<strong>From Job Board to Talent Ecosystem:</strong> Glints has grown from a graduate job board into a regional talent platform serving more than 10 million professionals and 60,000 employers. It now combines a job marketplace with recruitment and employer of record services, meeting rising demand from companies, particularly smaller ones, that want to hire in Southeast Asia without setting up a local entity.</li>
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<strong>Shift Towards Recurring Revenue:</strong> Glints is moving beyond one-off recruitment fees towards ongoing employment services that generate recurring income. This more predictable revenue base, combined with tighter cost control, supports management's goal of reaching group-level operating profit by 2027.</li>
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<strong>Losses and Cyclical Exposure Remain:</strong> Glints remains loss-making, and its balance sheet is still under pressure. As a recruitment business, it is also exposed to the economic cycle, with demand falling when employers cut back on hiring.</li>
</ul>

Executive Summary


From Job Board to Talent Ecosystem: Glints has grown from a graduate job board into a regional talent platform serving more than 10 million professionals and 60,000 employers. It now combines a job marketplace with recruitment and employer of record services, meeting rising demand from companies, particularly smaller ones, that want to hire in Southeast Asia without setting up a local entity.

Shift Towards Recurring Revenue: Glints is moving beyond one-off recruitment fees towards ongoing employment services that generate recurring income. This more predictable revenue base, combined with tighter cost control, supports management's goal of reaching group-level operating profit by 2027.

Losses and Cyclical Exposure Remain: Glints remains loss-making, and its balance sheet is still under pressure. As a recruitment business, it is also exposed to the economic cycle, with demand falling when employers cut back on hiring.


Glints: Scaling Southeast Asia's Talent Platform Towards Profitability (Initiation)

Research from Tech in Asia, Tech in Asia

Tech in Asia

Research from Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

News from Tech in Asia

<ul><li><p>Glints, a Singapore-based careers platform, is laying off employees “based on market conditions and business priorities,” the firm’s co-founder Oswald Yeo said in his address to staff.</p></li><li>The development comes after the startup raised US$50 million in a series D funding round in August.</li><li>In the same month, the firm claimed that its annual revenue and gross profits grew 2.5x over the past 12 months.</li></ul>

Glints, a Singapore-based careers platform, is laying off employees “based on market conditions and business priorities,” the firm’s co-founder Oswald Yeo said in his address to staff.The development comes after the startup raised US$50 million in a series D funding round in August.In the same month, the firm claimed that its annual revenue and gross profits grew 2.5x over the past 12 months.

Singapore-Based Glints Lays off 18% of Employees

<ul><li>Glints, a Singapore-based careers platform, has raised US$50 million in a series D funding round co-led by DCM Ventures, Lavender Hill Capital, and Persol Holdings.</li><li>The deal pushed the firm’s total funding to date to more than US$80 million, making it the most funded startup in Southeast Asia’s talent recruitment space.</li><li>Glints connects companies to talent pools in Indonesia, Malaysia, Singapore, Vietnam, the Philippines, and Taiwan</li></ul>

Glints, a Singapore-based careers platform, has raised US$50 million in a series D funding round co-led by DCM Ventures, Lavender Hill Capital, and Persol Holdings.The deal pushed the firm’s total funding to date to more than US$80 million, making it the most funded startup in Southeast Asia’s talent recruitment space.Glints connects companies to talent pools in Indonesia, Malaysia, Singapore, Vietnam, the Philippines, and Taiwan

Glints Bags $50m Series D Funding After Doubling Revenue and Gross Profits

Singapore

Glints Intern Pte. Ltd. provides recruitment services. The Company offers internships programs, full-time, part-time, and project based staffing solutions. Glints Intern serves customers worldwide.

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Glints (1236999D SP)

Glints: Scaling Southeast Asia's Talent Platform Towards Profitability (Initiation)

Executive Summary Regional Talent Ecosystem Transition: Glints has evolved from a transactional job board into a comprehensive cross-border talent...

pvtIQ

Singapore-Based Glints Lays off 18% of Employees

Glints, a Singapore-based careers platform, is laying off employees “based on market conditions and business priorities,”.

Tech in Asia

Glints Bags $50m Series D Funding After Doubling Revenue and Gross Profits

Glints, a Singapore-based careers platform, has raised US$50 million in a series D funding round co-led by DCM Ventures, Lavender Hill Capital, and...

Tech in Asia

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