Total amount raised
$205.1 Million
Latest funding date
04/01/2021
Location
Ruangguru has successfully navigated 9 funding rounds, with notable investors such as GGV Capital and Tiger Global Management backing the company. The latest funding round was a Series C, underscoring the platform's growth and potential in the EdTech sector.
Ruangguru offers a diverse range of educational products and services, from online video lessons to interactive live classes and private tutoring. Keep reading to explore the intricacies of Ruangguru's fundraising journey and the investors supporting this innovative platform.
What Is Ruangguru?
Ruangguru is a prominent EdTech company based in Jakarta, Indonesia, specializing in education and training services. The company operates with a workforce of 1001-5000 employees, making it a significant player in the educational technology sector.
Founded in Jakarta, Ruangguru offers a comprehensive range of online and offline educational services. These include interactive video lessons, live tutoring, private lessons, and specialized courses for various educational levels, from early childhood to high school. The platform aims to make learning accessible and effective through innovative technology and experienced educators.
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 platform and develop initial educational content.
- 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 reach and enhance technological capabilities.
- Non-Equity Assistance
- Amount Raised: USD 50,000
- Date: May 2016
- Lead Investors: Google Launchpad Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage Google's resources for technological development and scaling.
- 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 presence.
- 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 technological advancements.
- 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 expand the platform and enhance educational offerings.
- Series C
- Amount Raised: USD 150,000,000
- Date: December 2019
- Lead Investors: General Atlantic, Notable Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion efforts, especially during the COVID-19 pandemic.
- Series C
- Amount Raised: USD 55,000,000
- 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 Indonesia, Vietnam, and Thailand.
Total Amount Raised: USD 205,050,000. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify, Stripe.
- General Atlantic
- Details: General Atlantic is 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, Alibaba, ByteDance, Uber.
- GGV Capital
- Details: GGV Capital is a global venture capital firm that invests in local founders. GGV Capital has been investing in the U.S. and China for over 20 years.
- Investment Focus Areas: Consumer, enterprise, social, cloud technologies.
- Notable Investments: Alibaba, Slack, Square, Peloton.
- East Ventures
- Details: East Ventures is an early-stage venture capital firm that invests in consumer internet, mobile, and SaaS companies in Southeast Asia.
- Investment Focus Areas: Consumer internet, mobile, SaaS, Southeast Asia.
- Notable Investments: Tokopedia, Traveloka, Kudo.
- Venturra Capital
- Details: Venturra Capital is a venture capital firm that invests in early and growth-stage technology companies in Southeast Asia.
- Investment Focus Areas: Technology, Southeast Asia.
- Notable Investments: Grab, Zilingo, Carro.
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 USD 55 million funding to enhance its educational services and technology, potentially reaching millions more students and educators. This expansion is bolstered by the growing demand for online education, especially in the wake of the COVID-19 pandemic.
Future fundraising opportunities seem likely, given the strong backing from major investors like Tiger Global Management and GGV Capital. These funds could further support Ruangguru's mission to innovate and expand its market presence. However, the company may face challenges such as maintaining the quality of its educational content while scaling operations and navigating regulatory requirements in different countries.
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