Indonesian edtech firm Ruangguru turns profitable in 2021

Indonesian edtech firm Ruangguru turns profitable in 2021

(Left to right): Arman Wiratmoko, SVP of Corporate Strategy and Finance of Ruangguru; Belva Devara, Co-Founder and CEO of Ruangguru; Nguyen Minh Thang and Nguyen Van Khai; Co-Founders of Mclass.

Indonesian edtech major Ruangguru turned in a profit in 2021 after posting losses in the previous year, while its revenue also surged 62%, according to regulatory filings.

Edited by: Joymitra Rai

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