Indonesian edtech startup Ruangguru is said to raise $100 million in a round led by General Atlantic, a person familiar with the matter told Tech in Asia.
The startup is expected to be valued at $500 million after the round, according to DealStreetAsia.
Ruangguru, founded by Adamas Belva Syah Devara and Muhammad Iman Usman in 2014, provides education-based services to students, including connecting private tutors with prospective students.
It claims to offer services in over 100 subjects by more than 300,000 teachers for more than 15 million users.
Zenius Education, Ruangguru's rival in local edtech market, secured $20 million in October.
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