- Zenius, major Indonesian edtech platform, temporarily closing down after funding troubles.
- Shutdown leaves 500+ employees in limbo as company tried cutting costs.
- Collapse harms Indonesia’s online education push; competitors may gain talent and opportunities.
Temporary Shutdown
Leading Indonesian edtech platform, Zenius has announced it will temporarily cease services, citing ongoing operational challenges.
The shutdown leaves over 500 employees in limbo until further notice.
Struggles and Restructuring Efforts
Zenius undertook multiple restructuring rounds over the past two years as it struggled to secure new funding, laying off hundreds since early 2022.
Efforts to regain stability under former CEO Rohan Monga and revived co-founder Sabda Putra Subekti ultimately fell short.
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Industry Impact
Launched in 2004, Zenius raised some $20 million from backers, including Northstar Group, Openspace Ventures, and MDI Ventures.
However, it faced an increasingly difficult climate for consumer internet startups over the past year.
The collapse deals a blow to Indonesia’s wider push into online education and training. While the full fallout remains unclear, competitors may benefit from absorbing Zenius’ talent and looking for new opportunities.
