HarukaEDU, Indonesia-based edtech startup, announces that it has raised Series C funding led by SIG, a US-based global trading firm, with participation from AppWorks, GDP Venture, and Gunung Sewu Kencana, DealStreetAsia has learned. Samator Education also came back to join in the new round after joining Japan’s CyberAgent Ventures and VC arm of global education company Pearson Affordable Learning Fund (PALF) in HarukaEDU’s Series B round in 2016.
The company said that it will use the fresh funds from the new round to support the expansion into B2B services through its corporate online training platform as well as backing up its lifelong learning platform, www.Pintaria.com, aimed at helping Indonesian working adults to upskill and reskill.
HarukaEdu provides an end-to-end solution to empower higher education institutions to go online to facilitate their student capacity and improving the quality and efficiency of the learning experience.
This year HarukaEDU. The program leverages the company’s deep experience in pedagogy, technology, and working with institutions, in a bid to help clients into a blended, micro-learning program.
HarukaEDU said that it has entered the corporate training market this year with CorporateEDU.
Also Read: HarukaEdu raises US$2.2M to help working Indonesians access higher education
The programme, the company said, helps clients transform their offline employee training program into a tailored online/blended learning degree programs that are more cost-efficient than the regular offline programs. It hopes to allow more working adults to affordably access to quality higher education with more flexible study schedules.
“With this approach, we aim to achieve the same learning outcome compared to regular offline training, yet reducing the number of working hours spent on training by 50 per cent, offering companies potential savings of millions US$ per year,” said HarukaEDU CEO Novistiar Rustandi.
Next year, HarukaEDU plans to focus on vocational training programs through its educational portal, Pintaria.com. The company has stated that it’s committed to up-skilling and re-skilling Indonesian millennials as they prepare for the Industry 4.0 era.
Indonesia has been optimistic about having the country’s next unicorn to be an edtech startup. At the moment, HarukaEDU is one of three larger companies in the country in terms of secured funding, along with Ruangguru, which has just raised its Series B funding round from East Ventures and UOB Venture Management in 2017.
Also Read: HarukaEdu offers affordable, accessible and social online education
Last month, Singapore-headquartered private-equity firm Northstar was reported to be in talks with Zenius Education to lead a US$20 million funding in the company.
The company said it works with more than 15 higher education institution partners in Indonesia, offering over 20 accredited online and blended learning degree programs.
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