PRESS RELEASE
Ruangguru.com Raised Seven-Digit Series A Investment Led by Venturra
Jakarta, 9 December 2015 - Ruangguru.co...
differentiates the company’s offering from the competing offline tutoring service providers.
The program is now running in...
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[PRESS RELEASE] Ruangguru.com Raised Seven-Digit Series A Investment Led by Venturra

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - [PRESS RELEASE] Ruangguru.com Raised Seven-Digit Series A Investment Led by Venturra

  • 1. PRESS RELEASE 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 individuals. 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
  • 2. 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. --- About Ruangguru.com 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: Edwin Chandra Communications & Partnership Lead Ruangguru.com edwin@ruangguru.com

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