Cakap was featured in the ESG Casebook by the Singapore Venture & Private Capital Association (SVCA) in 2022, showcased in a case study on Heritas Capital’s impact investment. The article, titled “Leveraging Technology and Innovation to Increase Access to Education,” highlights Cakap’s remarkable contributions.
Founded and led by Tomy Yunus, Cakap is an e-learning platform dedicated to improving livelihoods in Indonesia through skill enhancement. The platform offers language learning and vocational training, connecting learners with experts and allowing them to study anytime, anywhere.
Cakap leverages technology to enhance the learning experience for both language and vocational training. Language learning is conducted through live sessions, enabling students to interact directly with teachers via the online platform. Vocational training is provided through recorded videos, allowing students to learn at their own pace.
The implementation of e-learning at Cakap has had a positive impact on employment opportunities. A company survey revealed that 78% of adult students believe they have better career prospects after learning with Cakap. Additionally, 55% of business owners reported that learning with Cakap has helped increase their profits.
In addition to providing e-learning solutions to over 2.7 million students in Indonesia, Cakap also enhances education quality by empowering thousands of local and international teachers through the Cakap Teacher Academy.
Cakap also supports the government’s efforts to revitalize the post-pandemic economy, particularly among small and medium-sized enterprises (SMEs). With only 17 million of Indonesia’s 64 million SMEs benefiting from digitalization, Cakap is committed to furthering digital transformation through its upskilling programs.
By leading the investment in Cakap during the pandemic, Heritas Capital has significantly increased access to quality education in Indonesia. Education, alongside healthcare and technology, is a priority for Heritas Capital’s venture investments.
The ESG Casebook by SVCA is a case study on sustainability and impact investing, focusing on environmental, social, and governance (ESG) criteria. Established in 1992, the Singapore Venture & Private Capital Association (SVCA) promotes the development of the venture capital and private equity industries.
Read the full version of ESG Casebook by SVCA here.
