EdTech startup in Korea Gguge earned $10 million in Series A capital in a fundraising round led by Korea Investment Partners (KIP), Murex Partners, and PKSHA Capital from Japan.
Over the past several years, there has been a dramatic shift in how we see the workplace and the classroom. Particularly remote learning has grown in popularity, and Edtech companies like Gguge have seized the opportunity given by the industry’s rising potential to profit from the USD 254.80 billion worldwide markets.
For kids between the ages of 3 and 18, the education platform Gguge, a Korean EdTech company, offers online classes. The site offers a list of more than 5,000 online courses that are broadcast live using Zoom to entice students to investigate topics that interest them. Independent instructors engage their students in hands-on learning activities such as reading newspapers, solving puzzles, and playing games like Minecraft and Pokémon.
Gguge, which was launched by its parent company Glorang Inc. in 2020, states to have over 100,000 members in Korea and is growing swiftly, with an average monthly new user acquisition rate of more than 40%. By providing its services in local tongues, the platform aims to distinguish itself from “Outschool” as a fierce rival in Asia’s cutthroat education market. The company is expected to enter the Malaysian and Japanese markets by Q4 2022, with ambitions to further expand to Taiwan, Thailand, and Vietnam.
