Could this edtech latecomer crack the code to monetization?

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Hello there ,

CoLearn was already a late entrant to the Indonesian edtech market when it launched in 2018.

Ruangurru and Zenius, leaders in the sector, were already fighting it out for the top spot in the recorded-content space, so CoLearn decided to steer clear of that and explore live classes and AI-powered homework assistance instead.

Since then, other edtech firms, including Ruangguru and Zenius, have followed CoLearn’s lead. Despite that, it looks like its initial strategy has paid off as CoLearn closes a US$27 million series A round.

Now it plans to crack the problem of monetization. Though making money is a monumental challenge for edtech companies everywhere, CoLearn’s founder believes the firm is close to figuring it out.

-- Nathaniel
 
 

THE BIG STORY

Exclusive: Indonesia’s CoLearn bags more funding to wrap up $27m series A
While product diversification is a common move for startups flush with capital, CoLearn believes sticking to a certain expertise can bring big success.
 
 

IN PARTNERSHIP WITH

How do successful startups begin their journeys?

Every journey begins with a single step. However, it’s important to make that first move a solid one so you don’t stumble.

That rings true in the startup world as well. The team at Sequoia India and Surge know this, which is why they’ve put together a Founder Starter Pack to help entrepreneurs on their company-building journeys.

The pack distills some key lessons and insights from Surge and gives an overview of fundamental ideas that founders should think about even before day one. These include having a truly clear vision, the right performance metrics, and – perhaps most importantly – a pitch that will wow potential clients and investors alike.

Download the full Founder Starter Pack today to ensure that you’re off to a strong start towards building an enduring company.



 

TRENDING NEWS

Grab still tops SEA’s food delivery market in 2021: report
Like last year, Grab contributed nearly half of the GMVs that the region’s food delivery market generated in 2021, according to the Momentum Works report.
AC Ventures leads $1.1m seed round of 🇮🇩 earned wage access firm
Gajiku said that 90% of its registered employees transact at least once a month.
Tiger Global, Sequoia back crypto firm’s $40m round
Babel Finance offers crypto lending and crypto trading services to institutional investors and high-net-worth individuals.
Square Peg co-leads $40m round of 🇸🇬 edtech firm
Cialfo connects high schoolers, counsellors, and colleges to ease the career exploration and college search process.
🇮🇳 Roundup: BoAt parent files for $266m IPO, more
Also, startups including Kissht, Aqgromalin, and Broomees raised funds worth US$19 million in total.
AirAsia’s logistics arm invests in 🇮🇩 trucking marketplace
The partnership allows Kargo to expand its footprint across the region by leveraging Teleport’s network, data, and infrastructure.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • *Event* [Workshop] What NFTs mean to startups in Southeast Asia on February 10th
    Curious about NFTs and want to expand your insights about this phenomenon? On February 10, catch our workshop with David Shin, head of global adoption at the Klaytn Foundation, to learn more about the digital asset!
    Get a single ticket to attend this workshop or subscribe to Tech in Asia Core at just US$0.55/day for unlimited access to all our workshops, signature conferences, and premium content.
  • AWS SaaS Forum on February 17th
    Join the AWS SaaS Forum on February 17 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.



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