Source from Digital News Asia
EDUCATION services provider Sync and recruitment portal MauKerja have each raised approximately RM1 million (US$275,000) from Cradle Fund Sdn Bhd and OSK Technology Ventures Sdn Bhd, a wholly-owned unit of OSK Ventures International Bhd (OSKVI).
This comes on the back of a co-investment partnership deal signed by Cradle, a non-profit under Malaysia’s Ministry of Finance (MOF), and OSKVI last November.
The Sync and MauKerja investments are also the first such deals since Cradle embarked on co-investment partnerships last year.
It is unclear how the deals are structured, or how much equity OSKVI and Cradle are getting in each startup. However, it was revealed that OSKVI has the right…