posted on 22 Jan 2020
Indonesian edtech startup Gredu announced that it has raised an undisclosed amount of pre-series A funding from Vertex Ventures Southeast Asia and India.
Gredu will use the new funds to further develop its app and complete its features, according to a statement.
Founded in 2016, the startup aims to create digital solutions that seek to optimize the role of teachers, parents, and students. It builds a centralized management system to digitize the school environment, supported by separate applications for the three groups. It also provides technical assistance before, during, and after the onboarding process.
Gredu has developed four products: Gredu School Management System, Gredu Teacher, Gredu Parent, and Gredu Student.
At present, it claims to have already worked with more than 200 schools, both public and private.
“The awareness on the improvement of Indonesian education has made Gredu realize its commitment by presenting a solution to digitalize the school environment that can handle holistic schooling administrative tasks,” said Mohammad Rizky Anies, CEO of Gredu. “Hopefully, this can create a more efficient, effective, transparent and measurable learning and teaching process within the ideal ecosystem.”
Gredu faces several rivals in the local edtech scene. One of the bigger players is Ruangguru, which just raised US$150 million in a series C round led by General Atlantic and GGV Capital. It’s also backed by East Ventures, Venturra Capital, and UOB, among others.
View original content here.
Podcasting has quickly moved from a niche obsession to an area drawing considerable investor interest across Asia. Consider India’s Kuku FM, which brought in $5.5 million in a Series A round backed by Vertex Ventures and its existing investors this February.
COVID has allowed us to make a pivotal shift: go from being a sales-led driven company to a product-led growth company.
Vertex Ventures Southeast Asia and India started our journey with Sunday Insurance in the second half of 2018. Over the last eight quarters, we have witnessed the tenacity of the team, their drive and agility to adapt to an ever-changing and intense environment.