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Apps Foundry Acquires a Stake in MakeMac, the News Site for Apple Fans

With the freshly injected capital from Gobi Ventures, Apps Foundry, the startup that made the popular magazine reader SCOOP on the iPad, is making its first acquisition. Apps Foundry is taking a majority stake in Makemac.com, the biggest community website for Mac and iOS fans in Indonesia.

The Makemac site is like the local equivalent of 9to5Mac or AppleInsider, focusing on the Apple world. MakeMac dubs itself as the one place for tutorials and reviews for the Mac and iPhone. The site is famous among Mac and iOS users in Indonesia on the Twittersphere and so far has racked up more than 33,000 followers.

When asked about the investment, Willson Cuaca, CEO of Apps Foundry, told PO:

The Apple and iOS platform has always been the priority for Apps Foundry. This investment is in-line with our vision and mission and also it happened organically because the two entities have the same view of the direction of the company.

With this investment, Apps Foundry will run the day-to-day operation of MakeMac, and Kuswanto, the owner of the site, will hold a seat on the advisory board; Sayz Lim is promoted to chief editor. At the same time, Apps Foundry is also having a productive quarter with its Samsung deal.

This might be the first time in Indonesia that we see a startup making an investment in another startup. A sign of more goods to come? After all, Silicon Valley is also now exhibiting that kind of cycle: a startup getting an investment or exit and then pouring its money into another startup.

[Disclosure: Willson Cuaca is an investor in PO at East Ventures, and Joshua Kevin is an associate at East Ventures].



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