Learn Business From The Top 5 EdTech Companies in Indonesia

Learn Business From The Top 5 EdTech Companies in Indonesia

  • InCorp Editorial Team
  • 7 December 2022
  • 4 minute reading time

The EdTech companies in Indonesia are experiencing a positive trend of growth. The tremendous and innovative youth force is the main driver for the growing sector. The positive impact can be traced back since the literacy of today’s youth began with technology.

The use of tech devices has inevitably seen a significant rise since the pandemic started in early 2020. Therefore, it seems fair that more people depend on the internet.

The Promising Scene of EdTech Business in Indonesia

Internet usage accounts for 74% of the entire population of Indonesia. Naturally, the EdTech industry will benefit from this as well. Applications created by EdTech advocates are accessible to kids from anywhere.

With the expansion of technology and internet speed, this sector will keep seeing expansion and rapid growth. Similar to the usage and reliance on the internet and technology, there has been an incredible rise in the EdTech sector.

Read more: Find Out Top 10 Education Technology Companies That Are Thriving Today

Momentum For Growth

In fact, more people are using education technology with each passing day. Due to restrictions imposed in the earlier days of the pandemic, both educators and students must shift to online learning.

Ruangguru and Pijar are a few platforms that have used this momentum well by offering online courses.

Not to mention, EdTech companies in Indonesia often provide webinars or training that may improve the abilities of both teachers and pupils. Therefore, EdTech companies in Indonesia can position themselves as a need for education and social development to the people for their next venture.

Why Start an EdTech Company is A Good Thing for Business?

EdTech companies are suitable for further pushing for the growth of Indonesian youth and have proven to be vastly profitable.

According to a poll by Dailysocial.id, EdTech held the top spot as the most widely used digital application by the end of the first quarter of 2022, with a share of almost 51%.

Learn Business From The Top 5 EdTech Companies in Indonesia

Zenius and Arkademi were the second and fourth most influential startups in education in Indonesia, respectively, after Ruangguru. Since the year 2019, startup education funding has also increased.

Earlier this year, after e-commerce and fintech, EdTech took the top among startups earning money from investments. This reveals that EdTech is a solid ground to bring in investment and allocate the funds received from it.

Top 5 EdTech Companies in Indonesia

Several Indonesian EdTech companies have grappled with intense competition and made their mark in the market. These companies have developed their own niche and seen steady upward growth. The most prominent EdTech companies in Indonesia are, amongst others:

1. Hacktiv8

Hacktiv8 offers web development training and bootcamp. Hacktiv8 offers Full-Stack Javascript training for 12 weeks with up to 11 hours of classes offered every single day. With notable businesses like Bornevia, Berry Kitchen, Dimo, Loket, and others,

Hacktiv8 has been operating since 2016, and has also grown its network. The EdTech company provides job search support and a money-back guarantee to boot camp participants who cannot secure employment within 120 days of the training.

2. Zenius Education

Zenius Education, another prominent business in Indonesia, was established in 2007. Zenius Education offers a platform online where different online courses using video-based instruction are available for different grade levels. Lessons in various subjects are provided, including arithmetic, physics, chemistry, English, Indonesian, and others.

3. CoLearn

CoLearn, a platform for mobile devices, was established in 2019 and provided an online tutoring solution. Students can learn math concepts using the platform offered by CoLearn. The platform, accessible on both iOS and Android devices, provides live classes and tutors.

4. Ruangguru

Leading Indonesian EdTech startup Ruangguru offers an online self-learning platform. This 2014-founded firm provides a range of productions, including a Study Room with instructional videos and exercises.

They also provide an Online Tutor Room that offers tutoring consulting services for tutor-led private study sessions. Additionally, this subscription-based EdTech platform allows Brain Academy and Skill Academy to advance technical and soft skills.

5. Cakap

Cakap provides solutions for online language learning through its application-based platform and software as a service (SaaS). Users of Cakap can take private tutoring sessions to study languages like English, Mandarin, Japanese, and Indonesian.

This company, which has been operating since 2015, also gives its students progress reports and certificates.

As we can see, the different EdTech companies listed above have identified a particular niche and developed it. Each company has a unique offering point for its potential and existing customers.

For companies seeking to venture into this sector, Incorp offers a wide variety of services, including but not limited to HR Recruitment and Company Registration.

Pandu Biasramadhan

Senior Consulting Manager at InCorp Indonesia

An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.

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Frequent Asked Questions

As their names suggest, the main differences between the three business kinds in Indonesia lie in the businesses and the purpose of their incorporation. Local company owners (PT) must be Indonesian citizens, as even 1 percent of foreign ownership is not allowed. This type of company is not limited to entering any business field, and restrictions on incorporation are not so tight. On the contrary, a foreign-owned company (PT PMA) is open to international investors, but the maximal percentage of foreign shares differs in various business sectors. Contact InCorp to get the most updated information on the Negative Investment List. International investors tend to open representative offices as a first step to understanding the Indonesian market before setting up a limited liability company. This type is used for marketing and promotion activities and needs the right to sell directly and receive income.

There are three things business owners need to consider before setting up a business in Indonesia: the type of business entity, capital requirements, and regulations.

Indonesian regulations separate local companies from foreign companies. Generally, foreign-owned companies (PT PMA) have more limitations than their local counterparts (Local PT). However, to pursue more foreign direct investment in the country, the government has taken several bold initiatives to increase the ease of doing business and provide numerous attractive incentives for foreign investors.

Yes, this mainly applies to import and export businesses. Instead of establishing a company, you can use an under-name import service, an importer of record.

It should take between 30 to 45 days.