5 tech Start-ups Looking to Capitalise on Indonesia’s Education Industry
With the power of the Internet, these start-ups are looking to impact Indonesian academia in addition to change the way people approach learning inside the archipelago.
Indonesia’s education industry is usually huge. According to former president Susilo Bambang Yudhoyono, there are about 50 million students, 3 million teachers, in addition to 200,000 schools inside the archipelago. Indonesia’s population size of 250 million is usually a significant part of what makes the item an attractive market for start-ups. the item’s also safe to say which the potential for innovative education technology products has not gone unnoticed in recent years.
With the power of the Internet, Indonesia’s tech start-ups are looking to stir things up inside the learning industry in addition to change the status quo inside the local education sector for the better. In no particular order, here are several tech start-ups which aim to solve problems in Indonesia’s education industry.
HarukaEdu
HarukaEdu is usually an online education platform for tertiary education in Indonesia. The company lets Indonesians earn degrees online, in addition to helps colleges in addition to universities build online degree programs through scratch.
Recently, the start-up partnered with The London School of Public Relations in addition to Wiraswasta Indonesia University in Jakarta to offer an online degree in Communication Studies in addition to Management. The start-up also offers online technology entrepreneurship classes in Indonesia, in addition to plans to incorporate several various other web-based certification programs inside the future.
Co-founded by Jakarta Founder Institute director Novistiar Rustandi in February 2013, HarukaEdu monetises through a revenue-sharing scheme with its university partners. In November, the start-up raised an undisclosed amount of series A funding through CyberAgent Ventures, a well-known Japanese tech investment firm with an office in Jakarta.
RuangGuru
RuangGuru has already signed up more than 8,500 tutors, in addition to the item takes a 20 percent commission through each online transaction. To avoid disintermediation in addition to backdoor transactions (i.e. teachers getting money directly through students without using the site’s escrow service), RuangGuru offers a few added value services as incentives for users to keep using the site. One of them is usually providing substitute tutors for when a client’s regular tutor is usually unavailable.
The start-up was founded in April 2013 by Belva Devara in addition to Iman Usman, two Indonesians who were working on master’s degrees inside the US when they came up with the idea. In 2014, RuangGuru raised an undisclosed amount of seed funding through Singapore’s East Ventures, a venture capital firm which also aggressively invests in Indonesian companies.
Zenius
This kind of is usually the oldest start-up on This kind of list. Established back in July 2007 by teachers Sabda P.S. in addition to Medy Suharta, Zenius offers e-learning services in Indonesia inside the form of educational videos, distributed online in addition to offline. Offline, the videos are sold as CDs in addition to DVDs. The company also runs an offline tuition centre in Jakarta.
Zenius claims to have more than 33,000 videos, which in total have garnered more than 30 million views. The company also has 1,500 exercise worksheets, which have aggregately been downloaded more than 2.7 million times. The company’s CEO told local tech media Tech in Asia which Zenius generated US$446,000 in revenue between June 2013 in addition to June 2014. Apart through monetising via CD in addition to DVD sales, Zenius also sells vouchers in addition to premium membership for video access. The company has yet to receive external investment.
Brainly
Founded in September 2009 by a team of serial entrepreneurs named Michal Borkowski, Lukasz Haluch, in addition to Tomasz Kraus, This kind of Poland-based start-up claims to have 40 million unique users each month through all around the entire world. In Indonesia, Brainly claims to have more than 6 million users, with about 650,000 active on the site each month.
Brainly has yet to monetise through its platform. Impressively, the start-up has been able to raise US$9.5 million so far through quite a few investors including US-based General Catalyst Partners in addition to Germany’s Point Nine Capital.
Quipper School
With Quipper School, teachers can create educational content in addition to assign tasks to students in an online classroom. On the various other hand, students can finish the assignments in addition to go through the educational content with the start-up’s gamification system. The site turns learning into a game by allowing students to earn points for each activity in addition to then they can spend these points on things like digital background in addition to interface themes.
Quipper School operates in multiple countries, one of which is usually Indonesia. The start-up has 50,000 registered teachers in addition to 250,000 registered students through 10,000 schools across the nation. About 60 percent of Quipper School’s users can be considered active each month. Its services are still free to use in Indonesia. inside the future, the start-up plans to introduce premium paid content like online tutoring in addition to national exam exercises.
This kind of London-based education tech start-up was founded in December 2010 by entrepreneur Masa Watanabe. Prior to Quipper, Watanabe also founded the famous Japanese gaming firm DeNA, which today is usually a publicly traded company. Quipper has raised more than US$10 million through a group of investors which includes Japan’s Globis Capital Partners in addition to UK-based Atomico.
Comments
5 tech Start-ups Looking to Capitalise on Indonesia’s Education Industry
5 tech Start-ups Looking to Capitalise on Indonesia’s Education Industry