Zenius CEO Rohan Monga
Indonesian edutech startup Zenius today announced an undisclosed funding round led by MDI Ventures, the corporate venture arm of state-owned telecommunications company Telkom Indonesia.,
Existing investors Northstar Group, Alpha JWC, Openspace Ventures, and new investor Beacon Venture Capital, a corporate venture arm of Thailand’s Kasikorn Bank, also joined the funding round.
In a press statement, the company said that with this funding round, Zenius has raised over US$40 million in total. Prior to this announcement, it closed a Pre-Series B funding round in January 2021.
The company recently made headlines with the acquisition of Primagama, a local cram school giant with up to 40 years of history.
Zenius CEO Rohan Monga said, “The funding will support the further development and expansion of our learning ecosystem. We will focus on improving our personalised learning experience by enhancing our adaptive learning technology and gamifying our platform to boost students’ motivation. Through our recently acquired network from Primagama, one of the biggest tutoring service providers in Indonesia, we will be able to extend our reach to broaden our impact on education. We strongly believe that hybrid learning model, offline and online, will deliver the highest outcome for the students.”
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In addition to the acquisition, Zenius has recently launched a partnership with Disney for its primary school segment and established ZenPro, a platform for professional or lifelong learning segments.
Founded in 2014, Zenius said that it has helped more than 1.5 million alumni to enter top private and public universities in Indonesia. Last year, seven out of 10 Zenius premium users passed the high-stakes national college entrance exam while Zenius revenue increased by four times.
Monga stressed the role of collaboration in helping the company grows its business.
“Zenius is a collaborative player. We believe that we can realise our mission to shape smarter, brighter, and more fun Indonesia through collaboration, partnership, and synergy with various stakeholders like MDI who share the same vision, which is to improve education in Indonesia,” he said.
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Image Credit: Zenius
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