Cakap has secured the latest investment of US $ 3 million in the Series A + round. This round was led by the Heritas Venture Fund, as well as participation from other investors such as Strategic Year Holdings, Investidea Ventures, and Prasetia Dwidharma.
During the pandemic that hit this year, Cakap has experienced a 10-fold increase in the number of students since the beginning of this year. When compared to last year the number of students has increased by 30 times.
Online English learning products and in-person interactions for children aged 4-12 years. Another focus is to deepen Cakap Upskill, an online training with two-way interaction for a wide range of learning topics, such as marketing and subjects related to informatics.
“The key to success during this pandemic is understanding the Indonesian landscape to create educational solutions that are accurate and can solve real problems in the target market , where access to high quality education is not only needed by students in big cities, but also throughout the Indonesian archipelago. including third-tier cities and remote areas, ”said Tommy Yunus, Co-Founder and CEO of Cakap.
Cakap plans to use this investment fund to strengthen the quality of its employees, accompanied by technology development and business expansion throughout Indonesia.
This year Cakap has formed partnerships with various large companies and agencies, such as Telkomsel, the Ministry of Communication and Information, BAKTI, the Ministry of Tourism and Creative Economy, and the Indonesian Hotel and Restaurant Association