Lifestyle e-commerce site Maskoolin announced today it has received an undisclosed amount of pre-Series A funding from Indra Djokosoetono, who is widely known as owner of Indonesia’s largest taxi company Blue Bird Group.
The Jakarta-based company aims to use the funding to expand in the Southeast Asian market, beginning with Malaysia. It also plans to hire new talents for its Indonesia and Malaysia office.
“The increase and growth of economy in Southeast Asia will support higher buying power in luxury goods,” said Djokosoetono on what drove him to invest in a lifestyle e-commerce site.
Maskoolin was founded in 2012 by Ilham Syafrialdi, Errol Widhavian, Kristian Harahap and Kemal Wiryawan. The site offers a range of lifestyle products for men from clothing, accessories, to electronic goods.
It applies a Universal Checkout system, where customers can purchase products sold in other retailer sites such as The Goods Dept., Lazada, Zalora, Shopdeca, Sportdeca, Jakarta Notebook and GS Shop through a single cart.
Maskoolin claims to have 2.5 million registered users since its launch in 2012, with 400,000 unique visitors in October alone.
The startup is a portfolio of Grupara, which is also its early investor and incubator.
“I am very proud of the team as they have made it this far and I am sure that Maskoolin will be something majestic in the future,” said Aryo Ariotedjo, Founder of Grupara.