Ruangguru rings up $150m

Jan 2, 2020 • Robert Lavine

EV Growth was among the participants in a series C round for the online education provider that also featured UOB Venture Management.

Indonesia-based online education platform Ruangguru has secured $150m in a series C round featuring EV Growth, the venture capital firm whose co-founders include conglomerate Sinar Mas and internet company Yahoo Japan.

Growth equity firm General Atlantic led the round, which included financial services firm United Overseas Bank’s UOB Venture Management unit and VC firm GGV Capital as well as undisclosed new investors.

Ruangguru has developed an online platform that offers access to tutors across a range of subjects in addition…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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