Ruangguru, a Jakarta, Indonesia-based online education platform, raised $150m in Series C funding.
The round was led by General Atlantic and GGV Capital with participation from existing and new investors. As part of the investment, Ashish Saboo, Managing Director and GA’s Head of Indonesia, will join the board of Ruangguru.
The company intends to use the funds to solidify its position in the education technology market and expand its product offering across Indonesia and Vietnam.
Founded in 2014 by entrepreneurs Adamas Belva Syah Devara and Iman Usman, Ruangguru provides access to affordable educational material through technology. Its 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. The company serves over 15 million students, manages 300,000 teachers, and works closely with all levels of the Indonesian government. In addition to Indonesia, it is expanding operations in Vietnam.