Ruangguru

PT Ruang Raya Indonesia,[1] doing business as Ruangguru is a startup company focusing in education. The premium service focuses on helping students in understanding school curriculums, as well as helping with exams, particularly standardised tests.

PT Ruang Raya Indonesia
Industry
Founded2014
Founders
Headquarters
Jakarta, Indonesia
Number of locations
Indonesia
Key people
OwnerRuangguru Pte. Ltd.
Websitewww.ruangguru.com

In 2021 Ruangguru was ranked #25 as the world's most innovative company and #2 as the most innovative education company by Fast Company.[2][3]

History

Ruangguru (a play of the phrase ruang guru, literally "teachers' office") was founded in April 2014 by Adamas Belva Syah Devara and Muhammad Iman Usman to aid students to find various tutors online.[4][5] As of August of the same year, there were more than one thousand teachers registered. Ruangguru was also funded by East Ventures.[5]

In February 2016, Ruangguru introduce its beta version of Android app and full version in April.[4]

On July 5, 2017, UOB Venture Management was reported to fund Ruangguru as the third funder with Series B financing.[6]

Ruangguru secured a US$150 million Series C funding round in December 2019, led by General Atlantic.[7] After claiming a profitable 2020, they secured another $55 million in April 2021[8] in a round led by Tiger Global. It is one of the most well-funded Indonesian and Southeast Asian startups.

And in early 2022, Ruangguru acquired Kalananti, a coding lesson based in Ciputat, Tangerang, Banten, Indonesia.

In July 2022, Ruangguru also acquired Schoters, a digital education platform which provides end-to-end preparation programs for students and professionals to study abroad with scholarships.

Service

In Ruangguru, lessons that are provided are school-related subjects, foreign languages, musics, sports, and others. Ruangguru receives 20% of the transactions made.[5]

Corporate

According to Kompas, a Singapore-based company Ruangguru Pte Ltd owns 99.99% of PT Ruang Raya Indonesia's shares.[9]

Controversy

Despite Ruangguru's status as a high-profile, high-valuation startup, outsourced workers on social media alleged the Indonesian edtech "soonicorn" Ruangguru of paying them below the local minimum wage in March and April 2021. In response, Devara took to Twitter to respond to the allegations from interns.

References
  1. "Ruangguru". Retrieved 14 December 2017.
  2. Parrish, Cayleigh (2021-03-09). "The World's Most Innovative Companies 2021". Fast Company. Retrieved 2021-03-10.
  3. Staff, Fast Company (2021-03-09). "The 10 most innovative education companies of 2021". Fast Company. Retrieved 2021-03-10.
  4. "Economy in brief: Tutor-search start-up to launch mobile app". The Jakarta Post. 12 February 2016. Retrieved 14 December 2017.
  5. Yusuf, Oik (21 August 2014). "Ruangguru.com Memperoleh Pendanaan dari East Ventures". Kompas.com. Retrieved 14 December 2017.
  6. "EdTech platform Ruangguru secures UOB Venture Management backing". The Jakarta Post. 5 July 2017. Retrieved 14 December 2017.
  7. Pratama, Aditya Hadi (26 Dec 2019). "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2021-04-20.
  8. Mulia, Khamila (2021-04-19). "Indonesia's edtech sector remains red-hot as Ruangguru snags another USD 55 million". KrASIA. Retrieved 2021-04-20.
  9. Idris, Muhammad, ed. (24 April 2020). "Menelusuri Pemilik Saham Ruangguru Pte Ltd Singapura yang Diklaim Milik Belva Halaman all". KOMPAS.com. Retrieved 4 October 2021.


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