Total amount raised
$205.1 Millions
Latest funding date
04/01/2021
Location
Ruangguru has successfully raised significant funding over multiple rounds, with notable investors such as GGV Capital and Tiger Global Management backing the company. The platform offers a diverse range of educational products and services, catering to various educational levels from early childhood to university entrance exams.
Keep reading to explore the intricacies of Ruangguru's fundraising journey and the investors supporting this innovative educational platform.
What Is Ruangguru?
Ruangguru, founded in 2014, is a leading EdTech company based in Jakarta, Indonesia. The company was established by Adamas Belva Syah Devara and Iman Usman.
With a workforce of 1001-5000 employees, Ruangguru offers a variety of educational services, including digital learning platforms, online tutoring, and exam preparation. The company is dedicated to enhancing education through innovative technology and interactive learning experiences.
How Much Funding Has Ruangguru Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2014
- Lead Investors: East Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Ruangguru's educational platform.
- Series A
- Amount Raised: Not publicly disclosed
- Date: December 2015
- Lead Investors: Venturra
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and user base.
- Non-Equity Assistance
- Amount Raised: $50K
- Date: May 2016
- Lead Investors: Google Launchpad Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive mentorship and resources from Google to enhance the platform.
- Grant
- Amount Raised: Not publicly disclosed
- Date: April 2017
- Lead Investors: GSMA Ecosystem Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of mobile-based educational solutions.
- Series B
- Amount Raised: Not publicly disclosed
- Date: July 2017
- Lead Investors: UOB Venture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Grant
- Amount Raised: Not publicly disclosed
- Date: May 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support educational initiatives and platform enhancements.
- Series B
- Amount Raised: Not publicly disclosed
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and enhance educational offerings.
- Series C
- Amount Raised: $150M
- Date: December 2019
- Lead Investors: General Atlantic, Notable Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's reach and improve its educational services.
- Series C
- Amount Raised: $55M
- Date: April 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and business reach in Southeast Asia.
Total Amount Raised: $255M. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: A global investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- General Atlantic
- Details: A leading global growth equity firm providing capital and strategic support for growth companies.
- Investment Focus Areas: Technology, consumer, financial services, healthcare.
- Notable Investments: Airbnb, Uber, ByteDance.
- GGV Capital
- Details: A global venture capital firm that invests in local founders, focusing on seed-to-growth stage investments.
- Investment Focus Areas: Consumer/new retail, social/internet, enterprise/cloud, frontier tech.
- Notable Investments: Alibaba, Slack, Square.
- East Ventures
- Details: An early-stage venture capital firm that invests in consumer internet, mobile, and SaaS companies in Southeast Asia and Japan.
- Investment Focus Areas: Consumer internet, mobile, SaaS.
- Notable Investments: Tokopedia, Traveloka, ShopBack.
- Venturra Capital
- Details: A venture capital firm that invests in early-stage consumer technology companies in Southeast Asia.
- Investment Focus Areas: Early-stage consumer technology companies.
- Notable Investments: Grab, Carousell, Zilingo.
What's Next for Ruangguru?
Ruangguru's future looks promising with significant opportunities for expansion in Indonesia, Vietnam, and Thailand. The company aims to leverage its recent $55 million funding to enhance its learning management systems and educational services, potentially reaching millions more students. This expansion is bolstered by the growing demand for online education and digital learning tools, especially in the wake of the COVID-19 pandemic.
Future fundraising opportunities appear bright, with the potential for additional investment rounds to support further growth and innovation. The strong backing from investors like Tiger Global Management and GGV Capital indicates continued confidence in Ruangguru's mission and business model. However, the company may face challenges such as competition from other edtech firms and the need to maintain high-quality educational content across different regions.
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