Edtech’s huge growth spurt in Indonesia

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Like how my 3-year-old niece has grown by leaps and bounds since the last time I saw her in January, the youthful edtech industry has thrived in the same way.

Edtech’s market size has exploded this year, catching the attention of investors worldwide. This is particularly true in Indonesia, which is home to the fourth-largest education system in the world. But who are the significant edtech players in the archipelago and which investors are cashing in on them?

Today we look at:

• The key players in Indonesia’s edtech industry (conveniently mapped up for your perusal)
• How Ant Group’s Asia investees can help to diversify its sources of growth
• Other newsy highlights such as the completion of Reliance Retail’s funding round and the nine startups from 500 Startups Vietnam’s Demo Day

PREMIUM CHART

Edtech takes off with flying colors

Edtech’s time has come. The industry has been attracting a lot of interest from investors in Indonesia lately, following similar trends in India and China. So who are the key players in education tech?

• 49 scholars: We mapped out the most important names in Indonesia’s edtech landscape, including regional players with a presence in the archipelago. From the chart, you can see that three categories are particularly popular for startups.
• From D to A: In the last five years, the number of edtech deals closed annually could be counted on one hand. But this year, the number has already tripled from 2019. One of the few top-funded edtech startups in the country are Ruangguru (US$150 milllion, Dec 2019) and Zenius Education (US$20 million, Feb 2020).

See the full chart as well as the funding data in this article: The key players in Indonesia’s promising edtech industry

PREMIUM SUMMARY

After Ant Group’s IPO got cancelled, what’s next?

The biggest IPO of the year was abruptly halted two weeks ago. Chinese fintech giant Ant Group was supposed to go public in Shanghai and Hong Kong on November 5 to raise over US$34 billion. Just one day before the blockbuster event, it was suspended by the regulators, who said that the Chinese fintech titan didn’t meet the listing qualifications or disclosure requirements. So what’s going to happen next?