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SingaporeSingapore
🤯 Snaphunt: 8M Users Couldn't Save a $2.8M Funding Gap
Oct 04, 2026

🤯 Snaphunt: 8M Users Couldn't Save a $2.8M Funding Gap

Singapore AI recruiter Snaphunt signed up 8M job seekers, then shut when a promised $2.8M came too late.

Admond Lee
Admond Lee
SingaporeSingapore
🤯 True Fitness: S$609K Vanished, 241 Members Stranded
Sep 20, 2026

🤯 True Fitness: S$609K Vanished, 241 Members Stranded

How Singapore's 22-year fitness pioneer collapsed under prepaid membership liabilities, boutique competition and mounting cash-flow strain.

Admond Lee
Admond Lee
IndonesiaIndonesia
+1+1
🤯 $21M Raised, and Every Layer Was Rented
Sep 06, 2026

🤯 $21M Raised, and Every Layer Was Rented

How Raena raised $21M on a fast-growing Indonesian reseller network, then shut down owning none of the supply, audience or checkout it ran on.

Admond Lee
Admond Lee
SingaporeSingapore
🤯 Nanyang Optical: 65 Years of Awards, Then Liquidation
Aug 30, 2026

🤯 Nanyang Optical: 65 Years of Awards, Then Liquidation

How a 65-year Singapore eyewear chain won global design awards but lost the mall retail channel it depended on.

Admond Lee
Admond Lee
SingaporeSingapore
🤯 Jetstar Asia: 6 Profitable Years in 20, Then Shut Down
Aug 23, 2026

🤯 Jetstar Asia: 6 Profitable Years in 20, Then Shut Down

How Singapore's budget airline was profitable in just 6 of 20 years, and why Qantas and its majority partner finally switched it off.

Admond Lee
Admond Lee
SingaporeSingapore
🤯 What Happened to Autobahn Rent A Car and Shariot: Singapore's S$371M Collapse
Jul 26, 2026

🤯 What Happened to Autobahn Rent A Car and Shariot: Singapore's S$371M Collapse

How Singapore's largest MPV rental group collapsed under S$371M debt, an insurer cancellation, and alleged forgery of vehicle receipts

Admond Lee
Admond Lee
SingaporeSingapore
🤯 Cathay Cineplexes: S$230M Buyout Killed Singapore's 90-Year Cinema Legacy
Jun 14, 2026

🤯 Cathay Cineplexes: S$230M Buyout Killed Singapore's 90-Year Cinema Legacy

How a S$230M leveraged buyout, COVID-19's revenue collapse, and unsustainable mall rents buried Singapore's 90-year cinema pioneer.

Admond Lee
Admond Lee
SingaporeSingapore
🤯 UCars: How 40 Car Dealers Buried Their Own S$5M Marketplace
May 24, 2026

🤯 UCars: How 40 Car Dealers Buried Their Own S$5M Marketplace

40 Singapore dealers built their own sgCarMart challenger, burned S$300K monthly for years, then sued each other into liquidation.

Admond Lee
Admond Lee
SingaporeSingapore
🤯 Cake Group: How a 50/50 Cap Table Killed a $1B Singapore Crypto Unicorn
May 03, 2026

🤯 Cake Group: How a 50/50 Cap Table Killed a $1B Singapore Crypto Unicorn

How a 50/50 cap table, the Terra/Luna crash, and a public co-founder feud collapsed Singapore's $1B DeFi unicorn from 1M users to a fire sale

Admond Lee
Admond Lee
SingaporeSingapore
🤯 Hooters Singapore Shut Down After 70% Staff Shortage
Apr 12, 2026

🤯 Hooters Singapore Shut Down After 70% Staff Shortage

How Singapore's 30-year franchise collapsed under COVID labor crisis, failed expansion attempts, and an outdated service model

Admond Lee
Admond Lee
SingaporeSingapore
🤯  What Killed Jekyll & Hyde? It Wasn't COVID.
Mar 22, 2026

🤯 What Killed Jekyll & Hyde? It Wasn't COVID.

A S$1.6M Singapore cocktail bar survived the pandemic — then collapsed from exponential costs, problematic staff, and an expansion that backfired.

Admond Lee
Admond Lee
SingaporeSingapore
🤯 Tokenize Xchange: S$266M Missing After MAS Rejection
Feb 08, 2026

🤯 Tokenize Xchange: S$266M Missing After MAS Rejection

How a fast-growing crypto exchange was left with less than 1% of customer funds

Admond Lee
Admond Lee
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