Indonesian Online Education Startup Ruangguru Raises $150M

Financing

Indonesian Online Education Startup Ruangguru Raises $150M

Dec 30, 2019

Ruangguru, an Indonesian startup behind an online tutoring and test-prep platform, has raised $150 million in a Series C round led by General Atlantic and GGV Capital. Ashish Saboo, managing director and head of Indonesia at General Atlantic, will join the company’s board of directors.

Founded in 2014, Ruangguru offers online tutoring services along with a subscription to educational videos. The Jakarta, Indonesia-based company claims it has more than 300,00 teachers across the country who serve over 15 million students, according to a statement Thursday. The funding will support its efforts to expand into Vietnam.

This deal marks the second time this year that General Atlantic has invested in an Asian edtech company. Earlier this year, the New York-based private equity firm also invested in in Byju’s, an India-based online education provider.

 

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