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- Ruangguru
Ruangguru Valuation, Funding & Investors
Ruangguru is valued at $830M as of April 2021.
Last Ruangguru valuation
$830M
Series C · Apr 2021
Last Ruangguru funding round
$55M
Series C · Apr 2021
Cumulative funding Ruangguru raised
$205M
across 2 funding rounds
Key investors in Ruangguru
Tiger Global
Notable Capital
GGV Capital
General Atlantic
UOB Venture
EV Growth
About Ruangguru
Ruangguru is a Jakarta-headquartered edtech company founded in 2014 offering online learning platforms, live classes, and adaptive tutoring for K-12 students across Indonesia. The platform serves over 15 million users through apps covering national curriculum subjects and exam preparation for UTBK and CPNS.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$830M (Apr 2021)
Ruangguru Valuation
Ruangguru is currently valued at $830M, based on its Series C in April 2021.
The $55M round was led by Tiger Global, with participation from GGV Capital.
Ruangguru valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2021 | Series C | $830M |
Ruangguru Funding History
Ruangguru has raised a total of $205M across 2 funding rounds.
Ruangguru's first fundraising round was a $150M Series C in December 2019. The most recent completed round was a $55M Series C in April 2021.
Ruangguru funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2021 | Series C | Tiger Global (lead); GGV Capital | $55M | $830M | Ruangguru, Indonesia's leading edtech company and the largest education technology provider in Southeast Asia, secured a USD 55 million funding round in April 2021, led by Tiger Global Management with participation from GGV Capital. This followed their previous USD 150 million Series C in December 2019 led by General Atlantic and GGV Capital. The new capital aims to accelerate business expansion in Indonesia, Vietnam, and Thailand across K-12 and lifelong learning segments, including growth of their learning management system. Founded in 2014 by Belva Devara and others, Ruangguru offers a comprehensive suite of educational products, including subscription learning videos, interactive live classes, on-demand tutoring, private tutoring, online exam modules, and a learning management system that enables teachers to create content and assign work. The platform started as an online marketplace for private tutors and has evolved into a full-service edtech solution, often described as the 'Uber of tutoring.' During the COVID-19 pandemic, Ruangguru launched initiatives like a free online school used by 10 million students and Ruangkelas, a free learning management tool adopted by thousands of schools across nearly 480 districts in Indonesia. By April 2021, Ruangguru had served over 22 million users and supported more than 300,000 teachers. Investors highlighted Ruangguru's strong growth trajectory and commitment to quality education access. The funding round underscores continued confidence from global investors like Tiger Global and GGV Capital, who see edtech as a key thesis, with portfolios including companies like Zuoyebang and Vedantu. |
| Dec 2019 | Series C | General Atlantic (lead); Notable Capital (lead); UOB Venture; EV Growth | $150M | - | Ruangguru is an Indonesian online education platform founded in 2014 by Adamas Belva Syah Devara and Iman Usman. The company offers a diversified range of educational products, with its flagship product ruangbelajar being a self-learning platform featuring animated videos, quizzes, infographic summaries, and mock tests. The platform also provides tutor-led lessons alongside self-guided content. In December 2019, Ruangguru completed a $150 million Series C funding round led by General Atlantic and GGV Capital, with participation from EV Growth and UOB Venture Management. This round represented the largest funding round for an edtech startup in Southeast Asia at that time. The company planned to use the capital to support product and service development in Indonesia and Vietnam, where it had expanded under the brand Kienguru. At the time of the Series C round, Ruangguru served over 15 million students and managed approximately 300,000 teachers, with partnerships across various levels of the Indonesian government. The round reflected strong investor confidence in Ruangguru's mission to provide equal access to high-quality and affordable educational material through technology-enabled solutions in emerging markets. |
Who has invested in Ruangguru?
6 investors have backed Ruangguru across its funding rounds, including Tiger Global, Notable Capital, GGV Capital, General Atlantic, UOB Venture and EV Growth.
Lead investors include Tiger Global, General Atlantic and Notable Capital.
Ruangguru Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Dec 2019 | ||
| 1 | Lead | Apr 2021 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Dec 2019 | ||
This data is available for Pro users. Sign up to see all 6 Ruangguru investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Ruangguru
Ruangguru has acquired 3 companies to date.
Last acquisition by Ruangguru was on May 9th 2023. Ruangguru acquired Mclass for undisclosed valuation.
Latest Acquisitions by Ruangguru
| Description | Mclass is a Ho Chi Minh City-based online education platform delivering live interactive classes in mathematics, English, and science for K-12 students across Vietnam. The service connects learners with certified teachers via Zoom-integrated sessions and adaptive learning apps, serving over 100,000 users monthly. Launched in 2018, Mclass partners with Vietnamese public schools for after-school programs from its tech hub in District 7. | Schoters is a Jakarta-based edtech firm assisting Indonesian students with study abroad applications to universities in the United States, United Kingdom, Australia, and Canada. It offers counseling, test preparation, visa support, and scholarship guidance, serving thousands of applicants annually. | Kalananti is an educational facility serving children aged five to twelve, focusing on essential skills development. |
| HQ Country | |||
| HQ City | Hanoi | Jakarta | Jakarta |
| Deal Date | 9 May 2023 | 5 Jul 2022 | 5 Jul 2022 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Ruangguru acquisitions and their M&A valuation multiples. Start Free Trial | |||
Ruangguru Competitors
Ruangguru competitors include listed companies like Jiangsu Chuanzhiboke, Coursera and Gaotu Techedu, and private ones like Matific, Knowbox and Codemao.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $800M | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $57M | ($7M) | $540M | 6.3x | ||
| Publicly listed | $758M | ($49M) | $1.4B | 0.3x | ||
| Publicly listed | $917M | ($38M) | $503M | 0.2x | ||
| Private | $17M | - | $495M | - |
Ruangguru Public Comps
Ruangguru is still privately-owned, but its public comps include American Public Education, Lincoln Educational Services, Taaleem Holdings, Cogna Educação, Stadio Holdings, Phoenix Education, China Education, Scholastic, AcadeMedia and HUMANSOFT Holding.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $649M | $64M | 1.1x | 1.1x | 11.6x | 7.8x | |||
| $518M | $49M | 1.9x | 1.7x | 20.4x | 13.3x | |||
| $295M | $84M | 4.4x | 3.6x | 15.4x | 14.3x | |||
| $1.4B | $455M | 1.4x | 1.3x | 4.3x | 4.2x | |||
| $113M | $34M | 6.4x | 5.8x | 21.3x | 19.2x | |||
| $1B | $194M | 0.8x | 0.8x | 4.1x | 3.2x | |||
| $1.1B | $342M | 1.6x | 1.6x | 5.1x | 3.1x | |||
| $1.6B | $180M | 0.6x | 0.6x | 5.0x | 6.1x | |||
This data is available for Pro users. Sign up to see all Ruangguru competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ruangguru
| When was Ruangguru founded? | Ruangguru was founded in 2014. |
| Where is Ruangguru headquartered? | Ruangguru is headquartered in Jakarta, Indonesia. |
| Is Ruangguru publicly listed? | No, Ruangguru is a private, VC-backed company. |
| What is Ruangguru's valuation? | Ruangguru was last valued at $830M in its Series C in April 2021. |
| How much funding has Ruangguru raised? | Ruangguru has raised $205M across 2 funding rounds. |
| What was Ruangguru's last funding round? | Ruangguru's last funding round was a $55M Series C in April 2021, led by Tiger Global. |
| Who are Ruangguru's investors? | Ruangguru's investors include General Atlantic, Tiger Global, GGV Capital, UOB Venture, EV Growth and Notable Capital. |
| Which companies are comparable to Ruangguru? | Companies comparable to Ruangguru include Matific, Knowbox, Jiangsu Chuanzhiboke, Coursera, Gaotu Techedu and Codemao. |
| How many companies has Ruangguru acquired? | Ruangguru has acquired 3 companies, including Mclass, Schoters and Kalananti. |
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