Covid-19 Pandemic changes the order of people's lives, including in the world of education. Online education services are in demand during the corona pandemic. Earlier this year, two Indonesian edutech startups also won funding. Indonesian education startups: Titik Pintar and Zenius received fresh funds in early 2021. Titik Pintar obtained investment from the Indonesia Women Empowerment Fund (IWEF), while funding to Zenius was led by OpenSpace Ventures and Alpha JWC Ventures. This is the first time for Titik Pintar to obtain institutional investment from IWEF. Previously, this startup received grants from the Dutch government, as well as investments from individual investors in Indonesia and abroad.
Titik Pintar provides an EduTainment ecosystem, including customized self-learning services and remote micro lessons from teachers. The material is in Indonesian and English. Lessons and videos are made directly by the teacher on the SahabatPintar.id website. Thereby, teachers can get additional income. Meanwhile, children and parents can independently organize the learning experience and content needed. Currently, Titik Pintar has more than 15 thousand users.
Another educational startup, Zenius also received funding from OpenSpace Ventures and Alpha JWC Ventures. The fresh funds will be used to develop services and applications. Online learning services like Zenius are in demand during the corona pandemic. This has driven the company's revenue to grow 70% year on year / yoy more during the second semester of 2020. The number of users also grew more than 10 times during March to December 2020. Meanwhile, the average number of users in each class is 400 students.