Indonesia Digest: Ruangguru forays into Vietnam; Govt to build startup hub in Papua

Photo: Ruangguru

Edtech startup Ruangguru, that helps students find tutors online, is foraying into Vietnam. In a separate development, the government is all set to build a startup hub in Papua, the easternmost province of Indonesia.

Ruangguru enters Vietnam

Indonesian edtech startup Ruangguru has made inroads into Vietnam by launching its app in Ho Chi Minh city, its CEO Adama Belva Syah Devara said in an Instagram post on Wednesday.

Established in 2014 by Adamas Belva Syah Devara and Muhammad Iman Usman, Ruangguru helps students find tutors online and provides services across a range of education verticals.

It has rebranded itself into ‘Kienguru’ in Vietnam. The company has also partnered with Vietnam’s TV station to introduce ‘TV Kienguru’.

The company has been making headlines for its fundraising spree. Japanese giant SoftBank, too, is understood to have evinced interest in Ruangguru, which was confirmed by Indonesia’s Coordinating Minister for Maritime Affairs, Luhut Pandjaitan, in an address to the local media earlier.

The company is backed by investors such as UOB Venture Management and East Ventures recently.

Indonesia to build startup hub in Papua

The Indonesian government is set to build a creative startup hub in Jayapura, Papua (the easternmost province of Indonesia) to facilitate the growth of startups in the region, according to CNN Indonesia.

The startup hub, dubbed as Papua Youth Creative Hub, will be built over a 1,500 hectare of land. It will offer programmes and classes ranging from programming, business model, to technology.

On Monday, President Joko ‘Jokowi’ Widodo said that he expects to create a unicorn or decacorn from the easternmost region.

The hub will also provide a youth hostel for prospective startup participants to undergo programme for a duration of about two months, wherein they can learn the nuances of building startups and conducting businesses.

Through the creative hub, the government targets to have 100 startups, which could boost the region’s economic development and people’s welfare as the province remains one of the underdeveloped regions in the country.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.