Fashion Discount Site Maskoolin Closes Funding From Grupara

Founded only last year in 2012, Maskoolin is sort of the "byproduct" of Rockto.com, a social content recommendation platform founded by Ilham Syafrialdi, Errol Widhavian, Kristian Nalindra, and Mustafa Kemal. Maskoolin was originally the money-making machine that supports Rockto but now it's officially a business of its own.

One of Indonesia's new player in the tech investment scene, Grupara decides that Maskoolin is one attractive investment and both parties has closed the investment deal just recently.

The financial details on this investment ,as usually, is not disclosed but according to Grupara's Aryo Ariotedjo, Maskoolin founders has a killer combination of skills: entrepreneurship and technical abilities, "Was very amazed with their plans and strategies, I am sure they can do their business well".

For those who don't know, Grupara is the investment arm of Medco Group, one of Indonesia's largest energy company that focuses on oil and gas exploration. Lately in Indonesia, there has been a big interest from non-tech conglomerates to invest a small chunk of their money to explore tech companies during the tech startup boom and Grupara is one of this example.

Grupara itself was founded last year and until the end of the year they only have one portfolio, which is an online marketplace for T-shirt design called Gravira. Grupara also launched a coworking space in Kemang area, Jakarta called FREEWARE where they host weekly sharing session with startup CEOs and experts.