Fund receives US$155,000 Cradle grant

Source from Digital News Asia

LATIN America, here we come! That, or something along those lines, must have been among the hoots of joy that reverberated in’s office when founder James Khoo and his cofounder Chin Xin-Ci were told they would receive a US$155,000 (RM500,000) grant from Cradle Fund Sdn Bhd.

The grant is being made possible under the CIP 500 (Cradle Investment Programme) managed by Cradle, an agency under Malaysia’s Ministry of Finance.

Khoo (pic, left) had initially tried last year without success, mainly because he did not fulfil the criterion of having a full time cofounder handling the business side of things. This changed when Chin (pic, right) came on board last October. He reapplied this February.

In the meantime, was also given a lifeline when an undisclosed angel investor came on board earlier this year with an RM100,000 (US$31,200) injection.

Drawing comparisons with the Chinese idiom 箭在弦上 – which means adding arrows to the bowstring – Khoo declared that is “ready to fly” and achieve….


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