Ruangguru, a Jakarta, Indonesia-based edtech company, raised USD 55m in funding.
The round was led by Tiger Global Management with participation from GGV Capital. The funding follows the previous USD150m Series C funding led by General Atlantic and GGV Capital in December 2019. Earlier investors in the company include East Ventures, Venturra Capital, and UOB Venture Management among others.
The company intends to use the funds to expand operations and its business reach.
Led by Belva Devara, Co-founder and Chief Executive Officer, Ruangguru is a startup company focusing on enabling students to understand school curriculums, as well as helping with exams, particularly standardized tests.
Press release content from Newswire. The AP news staff was not involved in its creation.
Ruangguru Secures USD 55 Million New Investment Led by Tiger Global Management
April 21, 2021 GMT
Ruangguru Secures USD 55 Million New Investment Led by Tiger Global Management
JAKARTA, Indonesia - April 21, 2021 - ( Newswire.com )
Indonesia’s homegrown Edtech - Ruangguru, the largest education technology company in Southeast Asia, secured USD 55 million investment led by Tiger Global Management following its previous USD 150 million Series C funding led by General Atlantic and GGV Capital in December 2019. GGV Capital also participated in the funding round together with Tiger Global. Ruangguru’s earlier investors include East Ventures, Venturra Capital, and UOB Venture Management among others.