Kiddo Bags Seed Funding from OCBC NISP Ventura
Previously received grant funding from Research and Technology Ministry (Kemenristek/BRIN)
Yenny Yusra - 23 July 2020
In order to strengthen its position as an edutech platform for children (5-12 years), Kiddo technology startups officially announce seed funding from OCBC NISP Ventura. The value is undisclosed. Previously, Kiddo was selected by the Ministry of Research and Technology / BRIN as one of the technology startups to receive grant funding and business training in Armenia and London.
“Indonesia will be one hundred years old by 2045 and one-third of Indonesia’s population is currently aged 0-12 years, twenty-five years from now will be at the peak of productive working age. They are the next generation leaders, and this is the best moment to help them optimize their potential to compete in the global industry,” Kiddo.id’s Co-Founder and CEO, Analia Tan said.
Launched in early 2020, OCBC NISP Ventura is an OCBC NISP’s corporate venture capital (CVC). Head of Strategy & Innovation at OCBC NISP, Ka Jit told DailySocial that this CVC aims to create a digital ecosystem to drive the transformation of the banking sector. The 400 billion Rupiah funds are prepared as authorized capital, with 99.9% ownership by Bank OCBC NISP.
“We established OCBC NISP Ventura to create transformative value by utilizing Indonesia’s entrepreneurial potential and startup spirit with an extensive banking network to answer the evolving needs of the community,” Ka Jit said.
Positive growth during the pandemic
Last May, Kiddo had formed a strategic partnership with GogoKids from Malaysia. Through this collaboration, users can take online classes from both countries. Providers of child activity services from Indonesia can also market their classes broadly to Malaysian customers.
During the post-pandemic situation, Kiddo presented a selection of quality activities for Indonesian children. The current classes can still be practiced virtually and booked through the platform. Kiddo has partnered with more than hundreds of child service providers in several major cities in Indonesia. To date, hundreds of activity providers have joined the platform.
“We want to provide more children activities options for Indonesian parents that suit their children’s needs to develop their potential while at home #dirumahaja. On the other hand, we also want to help providers of children’s activities in Indonesia through this partnership to expand their business to the Malaysian market,” Analia said.
Original article is in Indonesian, translated by Kristin Siagian