Ruangguru, an Indonesia based online education platform, has raised $150 million in Series C round funding led by General Atlantic, and GGV Capital. Existing investors and a number of new investors also participated in the round. The company was founded by Adamas Belva Syah Devara and Iman Usman in 2014.
The investment helps solidify Ruangguru’s position as a market leader in education technology and will aid the Company in expanding its product offering across Indonesia and Vietnam.
Belva Devara, Co-founder and Chief Executive Officer of Ruangguru said, “We are excited to welcome General Atlantic and GGV Capital as our partners. We believe both firms understand our vision of building a significant education business in the region that supports a larger purpose, and we expect the partnership to help us accelerate our mission. These firms have a strong track record of partnering with entrepreneurs and scaling sustainable business models in the education and technology sectors. We are enthusiastic that we have the experiences and technical expertise of GA and GGV Capital.”
Iman Usman, Co-founder and Chief Product and Partnership Officer of Ruangguru, said, “The Ruangguru application provides multiple products. In addition to ruangbelajar, other products include online live tutoring, a tutoring marketplace, skills and professional training videos, as well as a corporate training platform. We focus on building a comprehensive curriculum, and most importantly, a clear and enjoyable learning experience using AI-driven personalized teaching. Currently, 80% of our students are from outside of Jakarta. This demonstrates the acceptance of our products and their effective distribution. We are proud knowing that what we do helps millions of students across Indonesia in pursuing their dreams.”
Ruangguru aims to provide equal access to high-quality and affordable educational material through technology. Ruangguru’s most popular product, called Ruangbelajar, is an online self-learning platform that offers topic-based journeys, consisting of animated videos, quizzes, infographic summaries, and mock tests. Ruangguru serves over 15 million students, manages 300,000 teachers, and works closely with all levels of the Indonesian government.
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