Southeast Asia is a hotspot for the digital industry but one of the main factors, that is holding back its full potential is the lack of talent required for the industry. A lot of tech companies are trying to resolve this issue, one of them being Singapore-based startup Glints, which has taken a different approach to the problem called a full-stack approach. The approach includes prepping the potential talent to meet the requirements of the employer like Go-Jek and insurance company FWD, and banks such as UOB. Glints has partnered with Kris Wiluan’s Citramas Group to set up Glints Academy – a coding boot camp that up-skills young Indonesians to become web developers – in Nongsa, Batam. And in July the startup obtained $6.8 million in a Series B round led by Monk’s Hill Ventures. The round made a total of $9.7 million in funding into the startup over five rounds.
Glints has come a long way to get to where it is now. Oswald Yeo, Looi Qin En and Seah Ying Cong initially started the company back in 2013 paying $20 for a website and making it a side-job business. The three were aged 22, 21, and 21 respectively. Other cofounders Wong Yong Jie and Steve Anderson Sutanto joined in 2014 and 2015 to build the technology team and Indonesian business. When Forbes Indonesia covered the startup in 2016, Glints had already attracted major companies like Puma, Adidas, and Chevron as clients and generated $55,000 in revenue in the previous year. However, Oswald says the company was still trying to find the right business model to grow the company and differentiate it from competitors.
This story is from the October 2019 edition of Forbes Indonesia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2019 edition of Forbes Indonesia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
