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.