[PRESS RELEASE] Ruangguru.com Raised Seven-Digit Series A Investment Led by Venturra
Published on: Mar 4, 2016
Transcripts - [PRESS RELEASE] Ruangguru.com Raised Seven-Digit Series A Investment Led by Venturra
Ruangguru.com Raised Seven-Digit Series A Investment Led by Venturra
Jakarta, 9 December 2015 - Ruangguru.com is announcing a new seven-digit US dollar
Series A round led by Venturra Capital. East Ventures also participated with a follow-on
funding in this round, after its seed investment in August 2014. The funding will be used to
strengthen human resources and to venture into new verticals.
Ruangguru.com aims to be the largest tech-enabled education provider in the region,
focusing on enabling access to quality teachers and content. Since its launch in April 2014,
Ruangguru.com has provided a platform for over 22,000 tutors to connect with potential
students across Indonesia, offering a wide variety of lessons including school subjects,
standardized test preparation, foreign languages, music, sports, and much more.
Ruangguru.com is renowned for its high quality tutors, which consist of award-winning
university students from top universities, experienced career teachers, and other established
In 2015, Ruangguru.com has expanded its services to include an online test-preparation
platform – known as tes.ruangguru.com. The platform enables students to access thousands
of question banks tailored to national education curriculum for free. The platform will also
provide data analytics to help students understand better about their learning status and
progress and allow students to focus on areas they are weak in.
The platform already attracted significant interest from the government, with its recent high-
profile official pilot with the Department of Education of Jakarta to help public and private
school teachers prepare for National Teachers’ Competency Exam (UKG).
Tes.ruangguru.com also plans to grow by nurturing partnerships with top universities around
the country. The Faculty of Medicine of University of Indonesia recently decided to use
tes.ruangguru.com to conduct its online try out for university entrance exam nationally.
“We are extremely excited to partner with Venturra Capital as our new investor,” Iman
Usman, CEO and Co-Founder of Ruangguru.com, said. ”Their affiliation with Lippo Group
is beneficial as we are already planning strategic partnerships with their big-name
businesses including Pelita Harapan Education Chain, Berita Satu Media Group, and many
others, to significantly scale up our reach nationally.”
Adamas Belva, Co-Founder of Ruangguru.com, added, “John Riady, Rudy Ramawy, and
Stefan Jung are all technology leaders whom we look up to and from whom we can definitely
learn a lot from. We are also happy that East Ventures is topping up their commitment, as
Willson has been a tremendous help so far who has enabled us to perform.”
“We see Belva and Iman as strong and dedicated founders who are passionate about
making significant impact to the education sector in Indonesia, and with their leadership, we
believe that Ruangguru has the potential to dominate the online education space in
Indonesia,” Managing Partner of Venturra Capital, Rudy Ramawy commented.
“Indonesia education sector has been under-served despite its huge potential, and
Venturra’s investment in Ruangguru.com validates that opportunity. I strongly believe Iman
and Belva, with the help of Venturra, will lead the category,” Willson Cuaca, Managing
Partner of East Ventures, said.
In the effort of creating an even better and uniform experience for students, Ruangguru.com
recently launched a tutor development program called “Guru Hebat”. This effort further
differentiates the company’s offering from the competing offline tutoring service providers.
The program is now running in Greater Jakarta area and will be rolled out to other
Indonesian big cities in the coming months.
Ruangguru.com won Indonesia’s Best Education Web in Bubu Award this year. The
company was founded by Adamas Belva (Belva, 25) and Iman Usman (Iman, 24). Belva
previously worked at Goldman Sachs Singapore, the Office of the President of Indonesia,
and McKinsey & Company Jakarta before pursuing his double masters at Stanford (MBA)
and Harvard (MPA). Iman received his Master in Education Development at Columbia
University and is a recipient of multiple awards and fellowships for his current and past work
in education and youth development, including from the UNICEF, Qatar Foundation, British
Council, among others. He previously worked for a couple of years in non-profit and
development sector in Jakarta and New York.
Funding amount is undisclosed.
Ruangguru.com develops products and services that utilize the use of technology to enable access
to quality tutors and content. It is by far the largest marketplace for private tutoring in Indonesia -
connecting prospective students with over 22,000 private tutors who are available to assist students to
learn particular skills/ knowledge and to get additional support outside school/ campus.
Ruangguru.com also provides an exam-preparation platform which enables students to prepare on
various exam-sets and use generated data/ analytics to help them understand better about their
learning status and progress.
About Venturra Capital
Venturra Capital is an early-stage venture capital firm. Venturra's mission is to provide capital,
operational empowerment, and market access to founders of innovative, industry-transforming,
technology-enabled internet businesses. Venturra Capital focuses on Indonesia and Southeast Asia in
different verticals, including e-commerce, financial services, healthcare and education sectors.
About East Ventures
East Ventures is an early stage fund focusing on consumer internet, mobile startups and SaaS with
offices in Singapore, Indonesia, Japan and the USA. As the pioneer of VC industry in Indonesia’s
digital ecosystems, East Ventures has done over 80+ deals in South East Asia and voted as one of
most active VC in Asia by CB Insights. East Ventures actively involves in community development and
capacity building via its co-working space called EV Hive. Through its portfolio founders network, East
Ventures’ community is the best knowledge base of South East Asia digital economy.
Visit our website Ruangguru.com and follow our latest update in our Facebook, Twitter, Instagram,
Blog and YouTube.
For further questions, please contact:
Communications & Partnership Lead