EdTech Pioneer Cakap Announces $7.5 Million in Total Funding and Impacts Over 4.5 Million Students by 2023

EdTech Pioneer Cakap Announces $7.5 Million in Total Funding and Impacts Over 4.5 Million Students by 2023

SEMARANG, RADARKAUR.CO.ID - By the end of 2023, Cakap, a frontrunner in Indonesia's EdTech scene, consistently marked its fourth year of net profitability.

Demonstrating robust growth across its primary sectors—Language, Upskill, and Business—Cakap witnessed a remarkable 50% surge in its student base, culminating in a total of 4.5 million learners by December 2023.

Parallel to this growth, the educator team at Cakap expanded by 27.78%, totaling 2,300 instructors.

BACA JUGA:Jakarta Bertransformasi Menuju Konsep Kota Dalam 15 Menit

BACA JUGA:KLAYD dan LindungiHutan Tanam 815 Mangrove di Cirebon Demi Lingkungan

In the same year, Cakap successfully finalized its Series C funding round, amassing USD 7.5 million with backing from esteemed investors such as MDI Ventures, Heritas Capital, and various prominent conglomerates.

MDI Ventures CEO Donald Wihardja voiced his optimism regarding Cakap's trajectory, highlighting the significant societal benefits the company continues to deliver.

"Cakap's consistent innovation and proven viability as a competitive Indonesian EdTech startup even in the current market dynamics are commendable," he remarked.

Tomy Yunus, Cakap's CEO and Co-founder, shared that the newly acquired funds would fuel the company's expansion beyond Jabodetabek, introducing new ventures like mixed learning facilities and career development platforms (Career Link and Match).

BACA JUGA:Hati-Hati Pilih Kampus, Ini 5 Universitas Terbaik di Provinsi Bengkulu versi UniRank 2024, UMB Kalahkan UNIB?

BACA JUGA:Viral, Caleg PKS Putuskan Bantuan Air Bersih Setelah 4 Tahun Karena Gagal Terpilih, Benarkah Begitu?

Tomy emphasized the importance of upskilling as a core focus for Cakap, aiming to leverage Indonesia's demographic dividend by nurturing a skilled labor force.

"The demand for skill enhancement is climbing, from students to professionals. Cakap is dedicated to meeting this need by providing accessible, certified quality education to Indonesians," he stated.

Sumber: