EdTech Cakap Secured Total Funding of US$ 7.5 Million, 4.5 Million Students Benefited, up to 2023

Tomy Yunus, CEO & Co-founder Cakap, stated that the funding will be used for national business expansion outside of Jabodetabek through new business units, such as blended learning facilities and a career platform (Career Link and Match). According to Tomy, increasing human resource capacity or upskilling continues to be a priority for the company with the mission to maximize Indonesia’s demographic bonus by producing a skilled workforce. “Awareness of skill improvement (upskilling) is increasing, starting from school-aged students, fresh graduates, to professionals. Cakap strives to accommodate this need through access to quality, certified educational content for the Indonesian people,” stated Tomy.

The Language pillar is a major contributor to Cakap’s revenue, English course leading in popularity, followed by Mandarin, Japanese, and Korean. English is the most popular course, especially among recent graduates who recognize the importance of mastering foreign languages to meet the demands of the job market. Atho Isnanthyo Abyan (28) attends English classes at Cakap to enhance his work-related communications, supporting him in effectively interacting with his colleagues, the majority of whom are English speakers from other countries. Working in the field of information technology (IT), Atho shares, “I used to lack confidence because many of my coworkers hailed from various countries. However, now my communication skills have improved.”