Achmad Zaky’s new fund invests in edtech startup Eduka

Indonesian edtech startup Eduka System has secured an undisclosed amount of seed funding from Init 6, a fund led by Bukalapak’s founder and former CEO Achmad Zaky.

Eduka is Init 6’s first portfolio company.

Achmad Zaky, founder and former CEO of Bukalapak / Photo credit: Bukalapak

Founded by Bandung Institute of Technology students, Eduka builds a platform where learners can practice problem-solving for multiple subjects. After completing a problem, students can also evaluate their results and compare them with those of other participants.

The startup’s CEO Ahmad Faiz Sahupala, who still attends classes at Bandung Institute of Technology, said that many students focus only on memorizing theories and give less attention to their application.

“Therefore, we want to unlock their potential by giving high-order thinking skills (HOTS) exercises that are applicable and related to daily life, so they can get used to facing complex problems as well,” the chief exec said.

Currently, Eduka says it has more than 800,000 users practicing on its platform, which is accessed by about 180,000 students every month.

“Education is a huge space, and we believe Eduka can make a better impact [on] Indonesia’s education system,” said Init 6’s Zaky.

Init 6 is an early-stage startup fund that looks for technical founders with a passion to solve big problems. Bukalapak co-founder and former chief technology officer Nugroho Herucahyono (also known as Xinuc) has joined the fund as a partner.

Zaky announced his exit as Bukalapak CEO late last year. He continues to support the ecommerce giant as an advisor while establishing the Achmad Zaky Foundation, which aims to bolster Indonesia’s tech ecosystem through education and entrepreneurship development.