Source: Ruangguru
Indonesian edtech startup Ruangguru today announces it has raised $150 million in Series C funding round led by General Atlantic and GGV Capital. Existing investors and a number of new investors also participated, according to a statement Thursday.
The startup claims it represents one of the largest fundraisings for an edtech company in Southeast Asia. The latest funding will be used to expand its product offering in Indonesia and Vietnam.
Last week, DealStreetAsia reported Ruangguru was raising around $100 million led by General Atlantic.
The company, 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 across over 100 subjects by more than 300,000 teachers for more than 15 million users.
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