Cakap is a technology company.
Cakap is Indonesia's leading online learning platform specializing in foreign language courses and upskilling programs. It offers interactive classes for various age groups and skill levels.
Cakap has raised $8.0M across 1 funding round.
Cakap has raised $8.0M in total across 1 funding round.
Cakap has raised $8.0M in total across 1 funding round.
Cakap's investors include Alpha JWC Ventures, MDI Ventures.
Cakap is an Indonesian edtech company headquartered in Jakarta that provides an online learning platform focused on language training, upskilling courses, and certifications for adults and children.[1][2][4] It serves students seeking English, Mandarin, Japanese, and Indonesian language skills, as well as vocational training, solving accessibility gaps in quality education amid Indonesia's growing demand for workforce upskilling.[1][2][4] With 84 employees and $7.4 million in revenue, Cakap has shown strong growth, including 170% year-over-year student revenue increase in Q2 2022, profitability for two consecutive years, and funding across multiple rounds, including a Series C1 from MDI Ventures and Heritas Capital.[1]
The platform connects qualified learners with employers, offers kids' academy programs, and emphasizes personalized learning via technology like AI and machine learning.[2] Key growth momentum includes a $10 million Series B in recent years to scale operations and tech enhancements, plus awards like Forbes Asia 100 to Watch and G20 Digital Innovation Network recognition.[2]
Cakap was founded in 2013 by Tomy Yunus (Co-Founder & CEO) and Jonathan Dharmawan as Squline, an online learning platform, before rebranding to Cakap.[2][3] The idea emerged from addressing Indonesia's need for accessible language education, starting as the first two-way learning app in the country and winning early accolades like 1st place in Telkomsel's Education Category (2017) and Singtel Future Makers (2018).[2]
Pivotal moments include securing Series B funding of $10 million led by MDI Ventures' Centauri Fund and Heritas Capital to expand amid pandemic-driven online learning demand, followed by Series C1 funding.[1][2] By 2022, Cakap represented Indonesia at the World Economic Forum, earned Forbes Asia recognition, and focused on upskilling with certified vocational classes, empowering over 1,600 teachers.[1][2]
Cakap rides Indonesia's edtech boom, fueled by a young population, rising internet penetration, and post-pandemic shifts to online learning, positioning it as a key player in Southeast Asia's digital education transformation.[1][2] Timing aligns with government pushes for human resource quality (e.g., World Economic Forum representation) and workforce upskilling amid economic growth, where market forces like school closures accelerated adoption.[2]
It influences the ecosystem by empowering teachers, providing employer connections, and pioneering two-way learning apps, helping bridge urban-rural education gaps and elevating Indonesia's talent pool in a region competing for tech talent.[2]
Cakap is poised to expand its AI-personalized offerings and vocational programs, targeting further market penetration in Indonesia's $10+ billion edtech space with sustained profitability and funding momentum.[1][2] Trends like AI integration and hybrid learning will shape its path, potentially growing influence through international partnerships and employer ecosystems.
As a homegrown leader unlocking Indonesian talent, Cakap exemplifies edtech's power to drive equitable growth from its Jakarta roots.[2]
Cakap has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Series C in April 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2023 | $8.0M Series C | Alpha JWC Ventures, MDI Ventures |