Left to right: Arman Wiratmoko (SVP of Corporate Strategy and Finance Ruangguru), Belva Devara (Co-Founder and CEO Ruangguru), Nguyen Minh Thang and Nguyen Van Khai (Co-Founders Mclass)
Indonesia-based edutech startup Ruangguru today announced that it had completed an acquisition of Mclass, a live teaching edutech platform in Vietnam, for an undisclosed sum.
In a press statement, Ruangguru said the acquisition is a strategic move to expand its reach and capability in the market, following its launch in Vietnam through its subsidiary Kien Guru.
“We are thrilled to welcome Mclass to the Ruangguru family. Together with Kien Guru, we believe that Mclass’s reputation and understanding of online learning can further strengthen our offerings and business in Vietnam and Southeast Asia (SEA),” said Belva Devara, Co-Founder and CEO, Ruangguru.
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“Our vision is to become the leading edutech company in SEA, and we believe this acquisition is a step forward in reaching that goal.”
Founded in 2019 by Nguyen Van Khai and Nguyen Minh Thang, Mclass is one of the fastest-growing edutech platforms in Vietnam. It is working with top-performing teachers in the country to offer live teaching sessions in subjects such as math, science, literature, university entrance preparation, and IELTS. The platform’s live teaching sessions has gathered 85,000 participants and a total of one million replays in 2022.
e27 has reached out to Ruangguru to find out what will happen to Mclass brand following the acquisition.
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Image Credit: Ruangguru
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