Here's Cakap! This Indonesian edtech startup just raised a Series C1.

• Founded in 2013, they have over 3M students using their platform.
• While they haven't shared their numbers, they claim to have stayed EBITDA-positive and have seen revenue 10x since 2020. 

Investor check. MDI Ventures and existing investor Hertias Capital joined in! 

• With the funding, their valuation has gone over $100M.
• They last raised a $10M Series B in 2021 and an undisclosed investment from Indonesia Impact Fund (IIF) last year.

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🔠 The ABCs on Cakap

They've got courses for both children and adults! You can learn a language or upskill for your next job through recorded videos and live sessions taught by their 1,800+ professional teachers.

• Choose between private or group classes.
• Learn anywhere, your way. Access classes through their mobile app or on your computer.

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📚 Ready to learn something new? 

Learn a language. Learn English, Mandarin Chinese, Japanese, Korean or Indonesian!

• Besides regular language learning courses, they also help you prepare for language tests like TOEFL and the HSK. 

Get that promotion (or new job). Learn job-ready skills for industries like business, IT, Finance, Sales and marketing and hospitality.

And more! They also help you prepare to study abroad and work with companies to upskill their teams.

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👋🏼 New faces

Along with the fundraise, say hi to the new folks Cakap brought onto their leadership team!

• They've got a new CFO (Jonathan Dharmasoeka) and COO (Cecillia Ong).

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🚀 What's next?

They'll keep developing their blended learning approach, which lets students learn online and offline. Oh, and they'll expand to lower-tier cities in Eastern Indonesia and keep adapting their learning solutions based on post-pandemic trends.

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