Ruangguru Completes $150M Series C Transaction Led by General Atlantic and GGV Capital
LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Share (LAIX)
Last laix inc. american depositary shares, each representing fourteen class a ordinary share earnings: 3/12 07:00 pm
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Source: Business Wire
JAKARTA, Indonesia--(BUSINESS WIRE)--Ruangguru, an online education platform in Indonesia, today announces $150 million in Series C funding led by General Atlantic, a leading global growth equity firm, and GGV Capital, a preeminent global venture capital firm. Existing investors and a number of new investors also participated in the round.This marks one of the largest fundraisings for an education technology company in Southeast Asia. The investment also helps solidify Ruangguru’s position as a market leader in education technology and will aid the Company in expanding its product offering across Indonesia and Vietnam.Founded in 2014 by entrepreneurs Adamas Belva Syah Devara and Iman Usman, Ruangguru’s mission is to provide equal access to high-quality and affordable educational material through technology. Ruangguru’s most popular product, called ruangbelajar, is an online self-learning platform that offers topic-based journeys, consisting of animated videos, quizzes, infographic
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