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Announced

Completed

General Atlantic and GGV Capital led a $150m Series C round in Ruangguru.

Financials

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Transaction Value£115m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Indonesia

Acquisition

Single Bidder

Education Services

Friendly

educational technology

Minority

Cross Border

Venture Capital

Completed

Private Equity

Synopsis

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General Atlantic and GGV Capital, with participation from existing backers EV Growth, UOB Venture Management and a number of new investors, led a $150m Series C round in Ruangguru, an ed-tech startup. “We look forward to leveraging experiences from our global portfolio, particularly in technology-enabled education in emerging markets, to help fuel Ruangguru’s continued expansion,” Ashish Saboo, General Atlantic managing director and General Atlantic Indonesia director.

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