Educational Technology Startup Zenius Reportedly Receives IDR 283 Billion Funding from Northstar Group

We get information from trusted sources if educational technology platforms (EdTech) Zenius, one of the oldest in the industry, secured $20 million (approximately 283 billion Rupiah) in funding from the Northstar Group (or through the venture capital it manages). Zenius CEO Sabda PS declined to comment when we contacted him about this.

Sector EdTech it is squirming. Technology-based educational platforms seek to improve the quality of student learning, not only teaching and learning activities in the classroom.

Although there is no market leader who really dominates, Ruangguru you could say it's excelling in this vertical and has become one centaur over $100 million based on data Startup Report 2018. They are even predicted to become one of the new unicorns. Apart from focusing on the tutoring segment, Ruangguru has expanded its reach to several other segments, for example Workspace for employees and Skills Academy for those who want to deepen skill outside of academics.

This funding received by Zenius, possibly the first external funding the company has received per Crunchbase data, will drive tougher competition and innovation in the sector. EdTech to execute the best solutions.

Founded in 2007, Zenius is a paid "online tutoring" service that targets all levels of education, from elementary school to SBMPTN exam preparation. The subscription fee starts from 172 thousand Rupiah per month to 650 thousand Rupiah per year. It is said that Zenius already has more than 80 thousand educational videos.

After obtaining this funding, the former COO Gojek Rohan Monga is said to be lined up to become the new CEO. Sabda PS will become the chairman of the company, while the other two co-founders (Medy Suharta and Wisnu OPS) will continue to work at Zenius.