Between metropolitan areas, which have access to greater resources, and the smaller cities and rural areas, where 80% of students reside, there is a significant educational divide in Vietnam. This gap is being closed by the online learning platform Edupia with its live classes and personalized tuition.
The business said today that it has secured a $14 million Series A round of funding, which was headed by Jungle Ventures and included ThinkZone Ventures, eWTP Capital, a venture fund affiliated with Alibaba, and Ant Financial. With this addition, Edupia’s funding now totals $16 million.
With 400,000 paying customers, Edupia presently has a total of 5 million members. An English self-learning platform created in 2018 by Tran Duc Hung, Edupia is on course to surpass its $100 million revenue objective in the next three years.
Although Edupia has the majority of its users in Vietnam, it is also growing in Indonesia, Thailand, and Myanmar as well as adding other disciplines like arithmetic and coding.
Hung worked as the director of digital services at Viettel, the biggest telecom in Vietnam, for ten years before to starting Edupia. He observed how digitalization was changing many facets of daily life while he was there, including e-commerce, banking, healthcare, and education.
Hung also saw the disparity between educational resources, particularly in English, that are available in larger, wealthier cities like private language centres and other parts of Vietnam, he says TechCrunch. The possibility to develop an online platform to make English instruction available to every K–12 students were seen by Hung, whose family includes several instructors.
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