Zenius Secures Funding from Telkom’s MDI Ventures

INDUSTRY.co.id - Jakarta, March 7, 2022 - Zenius, one of the pioneers of edtech in Indonesia, has secured new funding from MDI Ventures, the corporate venture arm of state-owned telecommunications company Telkom Indonesia.

With this funding, Zenius has raised over US$40 million in total. Previous Zenius’ investors, Northstar Group, Alpha JWC, Openspace Ventures and new investor Beacon Venture Capital, a corporate venture of Kasikorn Bank, also joined the funding round.

Zenius CEO Rohan Monga said, “The funding will support the further development and expansion of our learning ecosystem. We will focus on improving our personalized learning experience by enhancing our adaptive learning technology and gamifying our platform to boost students' motivation. Through our recently acquired network from Primagama, one of the biggest tutoring service providers in Indonesia, we will be able to extend our reach to broaden our impact on education. We strongly believe that hybrid learning model, offline and online, will deliver the highest outcome for the students”.

Through the support from strategic investor, MDI Ventures, Zenius will be able to extend its partnership network and service distributions to deliver a bigger and deeper impact for Indonesia’s education.

“Zenius has a proven track record in delivering impact to education in Indonesia. Established in 2004, Zenius now has developed a comprehensive learning ecosystem,” MDI Ventures CEO Donald Wihardja said.

“We believe that Zenius' learning ecosystem, combined with its pedagogy, personalized learning approach and extensive offline network support, will be able to deliver a bigger and faster impact for education in Indonesia.”

In addition to Primagama acquisition, Zenius has recently complemented its learning ecosystem by teaming up with Disney for its primary school segment and establishing ZenPro, a platform for professional or lifelong learning segments.

Northstar Group Co-Founder and Managing Partner Patrick Walujo added, “Zenius is a pioneer in the Indonesia edtech sector and continues to be a leading player with a comprehensive product offering for both K-12 and professional upskilling. We are impressed by the management team’s ability to execute new initiatives that will enhance online and hybrid learning for Indonesia’s education ecosystem, and look forward to supporting Zenius on its strong growth trajectory.”

Meanwhile, Alpha JWC Ventures’ Partner Eko Kurniadi said, “The edtech sector in Indonesia is still heavily underpenetrated, posing a massive opportunity for a platform that can offer a superior product proposition that is highly relevant and accessible to the students. The management's recent initiatives, including the acquisition of Primagama and exclusive partnership with Disney, are all intended to achieve that goal. The whole ecosystem of Zenius will be extremely powerful in providing best-in-class content with the strongest partners in the region.”

Since its inception in 2004, Zenius has helped more than 1.5 million alumni to enter their favorite/state universities. Last year, 7 out of 10 Zenius premium users passed the high-stakes national college entrance exam while Zenius revenue increased by four times.

“Zenius is a collaborative player. We believe that we can realize our mission to shape smarter, brighter, and more fun Indonesia through collaboration, partnership, and synergy with various stakeholders like MDI who share the same vision, which is to improve education in Indonesia,” said Rohan.