Heaptalk, Jakarta — Indonesia’s ed-tech startup PINTAR has completed a Pre-Series A funding round of US$3 million, approximately Rp47 billion, from Havez Capital and SIG Venture Capital. This startup will allocate fresh capital to bolster around 110 million Indonesian workforces to quit the middle-income trap by improving their skills and credibility through technology assistance.
“We aim to empower the workforce. Education is the key to improving workers’ skills and productivity, which will improve their standard of living so that Indonesia can move out of the middle-income level.” CEO of PINTAR, Ray Pulungan, said.
Ray observed that the Indonesian workforce still needs to match skills and roles, low productivity, barriers to access to the formal economy, and unequal labor compensation, especially among women.
To address skills gaps and employment and entrepreneurship opportunities in Indonesia, this platform is affiliated with several partners, including the government, corporations, SOEs, and education institutions, to deliver quality education.
“We support PINTAR to improve the skills and credibility of our country’s workforce, which is expected to help move Indonesia closer to its 2045 development objectives,” Director of Havez Capital, Imelda Harsono, said.
Established in 2013, the PINTAR startup was previously known as HarukaEdu or Pintaria. The company has evolved to be an education platform, training, and Indonesia’s workforce improvement by possessing diverse education products comprehensively, spanning:
- Online-based formal education program
- Bootcamp certification and masterclass
- Work placements designed
PINTAR is one of six digital platforms that have joined the Pre-Employment Card Program since 2019. This ed-tech platform has assisted more than two million people in completing their training and seized its fantastic business growth, with a Compound Annual Growth Rate of 119% annually since 2018 – 2023.
“Indonesia’s promise as an economic power at the global level depends on talented human resources. Our investment is proof of our confidence in Indonesia’s future and the important role of human resources in shaping it,” voiced Partner of Southeast Asia Investments of SIG Venture Capital, Rich Hsu.
