PT Ruang Raya Indonesia, doing business as Ruangguru is a startup company focusing in

education Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty. Va ...

. The

premium Premium may refer to: Marketing * Premium (marketing), a promotional item that can be received for a small fee when redeeming proofs of purchase that come with or on retail products * Premium segment, high-price brands or services in marketing, ...

service focuses on helping students in understanding school curriculums, as well as helping with exams, particularly standardised tests. In 2021 Ruangguru was ranked #25 as the world's most innovative company and #2 as the most innovative education company by '' Fast Company''.

History

Ruangguru (a play of the phrase ''ruang guru'', literally " teachers' office") was founded in April 2014 by Adamas Belva Syah Devara and Muhammad Iman Usman to aid students to find various

tutor TUTOR, also known as PLATO Author Language, is a programming language developed for use on the PLATO system at the University of Illinois at Urbana-Champaign beginning in roughly 1965. TUTOR was initially designed by Paul Tenczar for use in co ...

s online. As of August of the same year, there were more than one thousand teachers registered. Ruangguru was also funded by East Ventures. In February 2016, Ruangguru introduce its

beta Beta (, ; uppercase , lowercase , or cursive ; grc, βῆτα, bē̂ta or ell, βήτα, víta) is the second letter of the Greek alphabet. In the system of Greek numerals, it has a value of 2. In Modern Greek, it represents the voiced labiod ...

version of

Android Android may refer to: Science and technology * Android (robot), a humanoid robot or synthetic organism designed to imitate a human * Android (operating system), Google's mobile operating system ** Bugdroid, a Google mascot sometimes referred to ...

app and full version in April. On July 5, 2017, UOB Venture Management was reported to fund Ruangguru as the third funder with

Series B financing Venture capital financing is a type of funding by venture capital. It is private equity capital that can be provided at various stages or funding rounds. Common funding rounds include early-stage seed funding in high-potential, growth companies ( ...

. Ruangguru secured a US$150 million Series C funding round in December 2019, led by General Atlantic. After claiming a profitable 2020, they secured another $55 million in April 2021 in a round led by Tiger Global. It is one of the most well-funded Indonesian and Southeast Asian startups.

Service

In Ruangguru, lessons that are provided are school-related subjects, foreign languages, musics, sports, and others. ''Ruangguru'' receives 20% of the transactions made.

Corporate

According to ''

Kompas ''Kompas'' () is an Indonesian national newspaper from Jakarta which was founded on 28 June 1965. The paper is published by PT Kompas Media Nusantara, which is a part of Kompas Gramedia Group. Its head office is located at the Kompas Multimed ...

'', a Singapore-based company Ruangguru Pte Ltd owns 99.99% of PT Ruang Raya Indonesia's shares.

Controversy

Despite Ruangguru's status as a high-profile, high-valuation startup, outsourced workers on social media alleged the Indonesian edtech "soonicorn" Ruangguru of paying them below the local minimum wage in March and April 2021. In response, Devara took to Twitter to respond to the allegations from interns.

References

External links

Official website
Education companies of Indonesia Education companies established in 2014 {{Company-stub