Home Blog Learn Business From The Top 5 EdTech Companies in Indonesia Business Setup | Company Registration | HR Consultation | Human Resource | Indonesia Learn Business From The Top 5 EdTech Companies in Indonesia InCorp Editorial Team 7 December 2022 4 minutes reading time Table of Contents The Promising Scene of EdTech Business in Indonesia Why Start an EdTech Company is A Good Thing for Business? Top 5 EdTech Companies in Indonesia 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%. 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. Read Full Bio Verified by Daris Salam COO Indonesia at InCorp Indonesia With more than 10 years of expertise in accounting and finance, Daris Salam dedicates his knowledge to consistently improving the performance of InCorp Indonesia and maintaining clients and partnerships. Frequently Asked Questions Does a PMA company in Indonesia have to meet certain criteria before it can distribute dividends? Dividends can be distributed from company net profits after allocating reserves, depending on a positive profit balance. Approval from the general meeting of shareholders is necessary. Interim dividends may be distributed if specific requirements are met. How A PMA company can be eligible to conduct import activities? What licenses and procedures are necessary while engaging in import-related activities? A PMA company in Indonesia must obtain an NIB, which also functions as: Importer Identification Number (Angka Pengenal Impor or API) Producer Importer Identification Number (Angka Pengenal Impor Produsen or API-P), which is required for the import of machinery and equipment, goods, and materials used in production. General Importer Identification Number (Angka Pengenal Impor Umum or API-U), which is required for the import of specific goods for trading purposes, is grouped under one section in the Customs Classification System. Customs Identification Number (Nomor Identitas Kepabeanan or NIK), It functions as an identifying document for the applicable Customs and Excise authorities during the customs clearance process. Some goods may face limitations or restrictions on importation in Indonesia, potentially requiring additional approval from the Ministry of Trade. Recommendations from technical ministries like Industry or Agriculture may influence these approvals. How many employment and hiring options exist in Indonesia? According to Indonesia’s Manpower Law, employers can hire Indonesian talents under temporary or permanent employment. How is the process of liquidating a PMA company in Indonesia, and how long does it take? The procedures for (voluntarily) liquidation typically involve the following steps: Conduct a general shareholder meeting to approve the liquidation and the liquidator’s nomination Notify the Ministry of Law and Human Rights as well as the creditors of the liquidation and the distribution plan for the assets by newspaper notice All business licenses and tax numbers should be canceled or revoked; the tax office will conduct a tax audit to revoke the tax number Make sure creditors are paid and that any liquidation funds are distributed to shareholders (if any) Conduct a general meeting of shareholders to approve the liquidator’s discharge and acquittal Notify the Ministry of Law and Human Rights of the liquidation’s outcome. After receiving the notification, the Ministry of Law and Human Rights will deregister the company’s status as a legal entity and remove its name from the Company Registry Release the liquidation’s outcome in a newspaper Completing the liquidation process can take around two years. Get in touch with us. 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