About EdTech sector in Indonesia
The EdTech sector in Indonesia comprises 801 companies, including 63 funded companies having collectively raised $367M in venture capital money and private equity. Out of these, 19 are Series A+ funded.
EdTech sector in Indonesia has seen 8 acquisitions and 4 IPOs.
This sector includes companies that provide technology based education industry solutions to both consumers and businesses.
EdTech sector is also known as Education IT, Online Education or Digital Education.
Companies that provide technology based solutions to students(Pre-K, K-12, Higher education and Professionals) for education. Also, companies that rovide software solutions to education related businesses Companies that provide offline solutions to the education industry. Also, sports and fitness related solutions to athletes are excluded
Top EdTech Companies in Indonesia
There are 801 EdTech startups in Indonesia which include Ruangguru, Quipper, Zenius, CoLearn, Pahamify. Out of these, 63 startups are funded, with 19 having secured Series A+ funding.
Over the past 10 years, an average of 60 new companies have been launched annually. Notably, several of these startups have been founded by alumni of National University of Singapore (NUS), Harvard Business School and Harvard University.
Here is the list of top EdTech startups in Indonesia
1. Ruangguru
Online platform offering self-learning solutions. It offers products such as Ruang Belajar-which provides educational videos and exercises, Ruanglesonline- which provides online consultation with tutors, Ruangles-for private learning with the tutors, and more. It has a subscription-based pricing model. Available on both Android and iOS devices.
Key facts about Ruangguru
- Founded Year: 2014
- Location: Jakarta (Indonesia)
- Stage: Series C
- Total Funding till date: $205M
- Investors: UOB, General Atlantic and 9 Others
- Latest Funding Round: Series C, Apr 19, 2021, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 12 of 1,783 Competitors
2. Quipper
Quipper offers a learning management system for teachers and students. Its flagship service, Quipper School, allows educators to create educational content and assess students’ performances. Teachers canmanage classes, send assignments to their students and get analytics on the performance of their students. The free cloud software is cross-platform and cross-device, so students can access it on smartphone, tablets or PCs. Acquired by Recruit Holdings on July 5, 2015. Garnered 8.5M+ downloads and offered 7,000+ educational courses as of 2014. Focuses on Asian countries like Philippines, Indonesia, Vietnam and Thailand.
Key facts about Quipper
3. Zenius
Provider of app-based courses for school education. It provides courses on various subjects including mathematics, physics, chemistry, English, Indonesian, etc. It provides these courses as per the syllabus of the specific class. Its app is available for Android and iOS devices.
Key facts about Zenius
- Founded Year: 2004
- Location: Jakarta (Indonesia)
- Stage: Series B
- Total Funding till date: $60M
- Investors: Northstar Group, MDI Ventures and 9 Others
- Latest Funding Round: Series B, Mar 07, 2022, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 3 of 2,083 Competitors
4. CoLearn
Mobile-based platform providing online tutoring solutions. The platform enables students to learn mathematic concepts. The platform offers expert tutors and live classes. Its mobile app is available for Android and iOS devices.
Key facts about CoLearn
- Founded Year: 2019
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $34M
- Investors: Alpha Wave Global, GSV Ventures and 16 Others
- Latest Funding Round: Series A, Jan 26, 2022, $*****
- Tracxn Score: 55/100 What is this?
- Competitors Rank: 21 of 1,783 Competitors
5. Pahamify
Pahamify is an online preparation platform for college exam preparation. It offers video-based lessons for exam preparation. It also offers exam preparation material, practice questions, flashcards, and more. It also provides online consultation for students. Its app is available on Android and iOS platforms.
Key facts about Pahamify
- Founded Year: 2017
- Location: Bogor (Indonesia)
- Stage: Series A
- Total Funding till date: $150K
- Investors: Shunwei Capital, Y Combinator and 2 Others
- Latest Funding Round: Series A, Nov 27, 2020, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 3 of 682 Competitors
Companies founded year-on-year in the EdTech sector in Indonesia
130 EdTech startups in Indonesia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 1 |
2024 | 10 |
2023 | 47 |
2022 | 62 |
2021 | 106 |
2020 | 130 |
2019 | 78 |
2018 | 63 |
2017 | 52 |
2016 | 54 |
Stage-wise distribution of EdTech sector companies in Indonesia
Out of the total 801 EdTech companies in Indonesia, 63 have secured funding. Among them, 19 have reached Series A or higher, and 15 to Series B or beyond.
Founded - 801
Funded - 63
Series A+ - 19
Series B+ - 15
Series C+ - 14
Company Stage | No. of companies |
|---|---|
Founded | 801 |
Funded | 63 |
Series A+ | 19 |
Series B+ | 15 |
Series C+ | 14 |
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Funding Trends in the EdTech sector in Indonesia
Total funding year-on-year in the EdTech sector in Indonesia
The EdTech sector in Indonesia saw a total funding of more than $360M in the last 10 years. The most amount of funding was in 2019 at more than $171M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $4.3M |
2023 | $7.5M |
2022 | $58.2M |
2021 | $107M |
2020 | $6.23M |
2019 | $171M |
2018 | $3.7M |
2017 | $250K |
Recent Funding Rounds in EdTech in Indonesia
In the year 2024, till November 2024, EdTech companies in Indonesia have raised $4.3M in equity funding across 3 rounds.
In the same period last year (i.e. till June 2023), EdTech companies in Indonesia had raised $7.5M across 4 rounds.
So, 2024 has seen a 42.67% drop in funding in EdTech companies in Indonesia as compared to 2023.
Here are some recent, important funding rounds in EdTech companies in Indonesia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 2374 | Nov 07, 2024 | ||
Seed | 5108 | May 02, 2024 | and 4 more | |
Seed | 1275 | Feb 01, 2024 | ||
Seed | 7902 | Jun 09, 2023 | ||
Seed | 6122 | May 18, 2023 | and 2 more |
Top Investors in EdTech in Indonesia
East Ventures is the top investor in EdTech companies in Indonesia based on number of companies invested.
Here are some top investors in EdTech companies in Indonesia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Tokyo (Japan) | ||
New York City (United States) | ||
Sunnyvale (United States) | - | |
Tokyo (Japan) | - | |
Washington, DC (United States) | - |
M&A activity in EdTech sector in Indonesia
In the year 2024, till August 2024, 1 acquisition happened in EdTech sector in Indonesia.
Here are some recent, important acquisitions in EdTech sector in Indonesia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Aug 13, 2024 | ||
Business Acquisition | Dec 05, 2022 | ||
Business Acquisition | Jul 05, 2022 | ||
Business Acquisition | Jun 20, 2022 | ||
Business Acquisition | Mar 30, 2022 |
Acquisition trends in EdTech sector in Indonesia
Here are the acquisition trends in EdTech sector in Indonesia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | - |
2024 | 1 |
2023 | - |
2022 | 4 |
2021 | 1 |
2020 | - |
2019 | 1 |
2018 | - |
2017 | - |
2016 | - |
Colleges which produce the most EdTech companies in Indonesia
Companies founded by alumni from top colleges in the EdTech in Indonesia
Most number of EdTech startups in Indonesia have been founded by alumni from National University of Singapore (NUS), Harvard Business School and Harvard University.
College | No. of companies |
|---|---|
National University of Singapore (NUS) | 3 |
Harvard Business School | 2 |
Harvard University | 2 |
Bandung Institute of Technology (ITB) | 1 |
Columbia University | 1 |
London School of Economics and Political Science | 1 |
Nanyang Technological University (NTU) | 1 |
Stanford University | 1 |
University of California (Berkeley) | 1 |
University of Indonesia | 1 |
Total funding in EdTech companies founded by alumni from top colleges in Indonesia
In the last 10 years, Harvard University graduates' EdTech companies in Indonesia have raised the most funding among top colleges. Columbia University and Nanyang Technological University (NTU) alumni are second.
College | Total Funding |
|---|---|
Harvard University | $206M |
Columbia University | $205M |
Nanyang Technological University (NTU) | $205M |
Stanford University | $205M |
London School of Economics and Political Science | $28.7M |
Harvard Business School | $28.3M |
National University of Singapore (NUS) | $150K |
Bandung Institute of Technology (ITB) | - |
University of California (Berkeley) | - |
University of Indonesia | - |
Top News in EdTech in Indonesia
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Indonesian edtech firm Zenius said to be winding down operations in JanShareandstocks•Jan 04, 2024•Zenius
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Cakap partners with Telkomcel to improve educational access in Timor-LesteKrASIA•Feb 10, 2023•Cakap, Telkomcel
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Cakap Collaborates with Telkomcel to Improve the Quality of Human Resources in Timor LesteDailysocial•Jan 26, 2023•Cakap, Telkomcel
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Indonesia’s Shipper in talks for strategic partnership with fintech firm PintekShareandstocks•Nov 24, 2022•Shipper, Pintek
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Indonesian edtech firm Ruangguru said to be undertaking major lay offShareandstocks•Nov 18, 2022•Ruangguru
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