BrightCHAMPS
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| File:BrightCHAMPS LOGO.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Ed-Tech |
| Founded 📆 | July 2020 |
| Founder 👔 | |
| Headquarters 🏙️ | India |
Area served 🗺️ | Worldwide |
| Products 📟 | CodeCHAMPS (coding), RoboCHAMPS (robotics & AI), FinCHAMPS (financial literacy) and LingoCHAMPS (communications) |
| Members | |
Number of employees | 550 |
| 🌐 Website | https://brightchamps.com/ |
| 📇 Address | |
| 📞 telephone | |
BrightCHAMPS is an educational technology company headquartered in India, which provides life skills training to students in the K-12 age category.[1]
On the BrightCHAMPS website & mobile application, students can enroll for online courses in 4 subjects - Coding, Robotics, Financial Literacy and English Communications.[2]
There are 3 packages offered in Coding & Financial Literacy, 4 packages in Robotics & 4 course branches in English Communications.[3]
BrightCHAMPS is currently operational in 30 countries like India, Indonesia, United Arab Emirates, Saudi Arabia, United Kingdom, the United States of America, Vietnam, Singapore, Malaysia, Thailand, Pakistan, Sri Lanka, Philippines, South Africa, Egypt, Kuwait, Bahrain, Oman, Nigeria, Lebanon, Australia, among others.[2]
History[edit]
BrightCHAMPS was founded in July 2020 by Ravi Bhushan, an engineer, angel investor, and advisor.[4]
The learning platform first launched its Coding course in UAE, and subsequently expanded to India, South East Asia and Middle East in 2021.[5]
In July 2021, the company raised $12 million in Series A Funding from 021 Capital, GSV Ventures, Beenext, and other Angel Investors.[6]
In October 2021, the company raised $51 million in Series B Funding from Premji Invest, GSV Ventures, 3State Capital, and Beenext.[7]
In December 2021, BrightCHAMPS acquired Education 10x, a gamified live-learning platform for financial literacy for students in the K-12 segment, in a cash and stock deal.[8]
The company launched its Robotics course in April 2022 and called it RoboCHAMPS.[9]
In September 2022, the company acquired Schola.tv, a Singapore-based ed-tech platform with live classes in English communications & Science.[10]
BrightCHAMPS was awarded the Emerging Edutech of The Year and the Edutech CEO of the Year by Business World in August 2022.[11]
The company was also listed at Rank 2 in KPMG-HSBC's 100 Emerging Giants in Asia Pacific.[12]
In October 2022, BrightCHAMPS instituted the BrightCHAMPS Global Curriculum Advisory Board with Gurcharan Das, Rajen Sheth, Jack Buckley, Deborah Quazzo and Sreejit Chakraborthy. The board was set up to make curriculums more inclusive for students with neurodivergent learning needs.[13]
Products and Services[edit]
BrightCHAMPS currently offers the 4 courses of Coding, Robotics, Financial Literacy and English Communications to students in the K-12 category. [14] The company's course methodology is based on the principles of invisible learning and AI-enabled adaptive learning.
The Coding course is divided into the age categories of Little Champs (Grades 1 to 3), Junior Champs (Grades 4 to 6), and Senior Champs (Grades 7 to 10). Little Champs includes classes on coding fundamentals, app development, game development, scientific exploration, Codimath, Tinkercad 3D, AR/VR, design thinking, HTML/CSS and Microbit. Junior Champs covers more advanced Coding concepts including machine learning, and Python advanced. Senior Champs trains students in electronics, circuits, sensors, Arduino, Python programs, web development, Javascript, and data visualisation.[15]
The Robotics course is categorised across 4 levels, Spirit Course, Opportunity Course, Curiosity course, and Perseverance course, based on breadth of topics covered, modules included, projects assigned and robotics kits provided.[15]
The Financial Literacy course is divided into 3 packages of 30, 60 and 150 live classes respectively. The Beginner Course of 30 classes introduces students to money and finance management, banking, insurance and basics of investing. The Foundation Course of 60 classes covers hands-on-equity, cryptocurrency and early entrepreneurship. The Certification Course of 150 classes teaches advanced investment concepts, advanced cryptocurrency, and hands on entrepreneurship.[15]
The course of English Communications allows students to choose combinations of 3 tracks in Cambridge English, Communications, Presentation & Public Speaking, and IELTS training. The 4th track of this course covers English for Working Professionals.[15]
In February 2023, BrightCHAMPS launched ‘Money Lessons’, a gamified guide on financial literacy for kids aged 6 to 16, in the form of a graphic novel and a mobile application. The launch was led by Flipkart co-founder Binny Bansal.[16]
BrightCHAMPS Global Curriculum Advisory Board[edit]
In December 2022, BrightCHAMPS established the Global Curriculum Advisory Board, chaired by Deborah Quazzo, Managing Partner at GSV Ventures, and joined by technology and business leaders such as Gurucharan Das, author, management guru, and former CEO of Procter & Gamble India, and Jack Buckley, Vice President of People Science at Roblox. The BrightCHAMPS Global Curriculum Advisory Board is a self-regulated, independent Advisory Board.[13]
BrightCHAMPS Next-Gen Hubs[edit]
In February 2023, the e-learning company launched an offline centre in Vietnam. Dubbed by BrightCHAMPS as “Next-Gen Hubs”, the 1st offline centre opened in Ho Chi Minh City providing hybrid STEM-accredited classes for K12 students.[17]
Funding & Acquisitions[edit]
As of February 2023, BrightCHAMPS is valued at $650 million.[18]
So far, the company has raised 2 rounds of funding, the total value of which is $63 million. BrightCHAMPS raised $12 million in Series A Funding from 021 Capital, GSV Ventures, Beenext, and other Angel Investors, in July 2021.[6]
In October 2021, the company raised $51 million in Series B Funding from new and existing investors, including Premji Invest - private equity investor, GSV Ventures - edtech focused Venture Capital firm based out of the US, Binny Bansal - investor and co-founder of Flipkart, Bangalore-based 021 Capital, and Singapore based BEENEXT.[7]
BrightCHAMPS acquired Education 10x, a Delhi-based live-learning platform for teaching K-12 students financial literacy and management using gamification, in December 2021 in a cash and stock deal.[4]
In June 2021, the company announced a $100 million corpus to make edtech acquisitions across the US, UK, Middle East and North Africa (MENA), Southeast Asia (SEA), and India in FY2023.[19]
In June 2021, the company announced a $100 million corpus to make edtech acquisitions across the US, UK, Middle East and North Africa (MENA), Southeast Asia (SEA), and India in FY2023.[19]
In September 2022, BrightCHAMPS acquired Schola.tv, a Singapore-based educational platform with live classes in Cambridge English, Communications, Presentation & Public Speaking, IELTS, and English for Working Professionals, in a $15 million cash & stock deal.[20]
Awards and Nominations[edit]
In August 2022, BrightCHAMPS won the Emerging Edutech Startup of the Year and EdTech CEO of the Year awards by Business World.[11]
In the same month, the company also made it to KPMG-HSBC's list of 100 Emerging Giants in Asia Pacific.[12]
Gyan Tiwari and Bhavishya Tiwari, the co-founders of BrightCHAMPS-backed Education10X, were featured on the Top '40Under40' In Education list by Businessworld in August 2022.[21]
In January 2023, BrightCHAMPS made it to GSV's 150 List of the world's most transformational growth companies in digital learning and workforce skilling, for the 2nd consecutive year.[22]
In February 2023, BrightCHAMPS founder & CEO Ravi Bhushan was named CEO of The Year by Entrepreneur India magazine.[23]
References[edit]
- ↑ "Tech giants pore over Digital India Act; IPO-bound Servify raises $65 million". The Economic Times. Retrieved 2023-02-17.
- ↑ 2.0 2.1 Desk, Outlook Start-Up (2022-08-26). "BrightCHAMPS acquires English-learning platform Schola". https://startup.outlookindia.com/. Retrieved 2023-03-01. External link in
|website=(help) - ↑ Sengupta, Joydeep. "Star Tech: BrightChamps aims to transform millennial pupils into the next tech leaders". Khaleej Times. Retrieved 2023-03-01.
- ↑ 4.0 4.1 Sil, Debarghya (2022-02-08). "Edtech Startup BrightChamps Marks First Acquisition With Education10x". Inc42 Media. Retrieved 2023-02-17.
- ↑ Sil, Debarghya (2022-02-08). "Edtech Startup BrightChamps Marks First Acquisition With Education10x". Inc42 Media. Retrieved 2023-03-01.
- ↑ 6.0 6.1 "An Edtech Startup Announced Its Valuation At USD 500 Million. How Well Edtech Industry Is Performing - Inventiva". 2021-11-08. Retrieved 2023-02-17.
- ↑ 7.0 7.1 Mishra, Digbijay (2021-11-08). "Edtech startup Brightchamps valued at nearly $500 million with Premji Invest-led funding". The Economic Times. ISSN 0013-0389. Retrieved 2023-02-17.
- ↑ "First Financial Literacy Platform, Education10X Launched". BW Education. Retrieved 2023-02-17.
- ↑ "STEMpedia co-founder Abhishek Sharma joins BrightCHAMPS to lead robotic verticals". Financialexpress. Retrieved 2023-03-01.
- ↑ Kashyap, Hemant (2022-08-24). "Edtech Startup BrightCHAMPS Acquires Singapore Based Schola In A $15 Mn Deal". Inc42 Media. Retrieved 2023-03-03.
- ↑ 11.0 11.1 "BW Businessworld Awards Edutech 2022 Winners". BW Education. Retrieved 2023-02-17.
- ↑ 12.0 12.1 Bailey, Anson (2022-08-22). "Emerging Giants in Asia Pacific - KPMG Global". KPMG. Retrieved 2023-02-17.
- ↑ 13.0 13.1 "BrightCHAMPS establishes Global Curriculum Advisory Board". Financialexpress. Retrieved 2023-02-17.
- ↑ "DcodeAI founder & technology evangelist Kartik Sharma joins BrightCHAMPS". cnbctv18.com. 2022-09-06. Retrieved 2023-02-17.
- ↑ 15.0 15.1 15.2 15.3 Sengupta, Joydeep. "Star Tech: BrightChamps aims to transform millennial pupils into the next tech leaders". Khaleej Times. Retrieved 2023-02-17.
- ↑ "Flipkart co-founder Binny Bansal launches graphic novel Money Lessons". The Times of India. 2023-02-22. ISSN 0971-8257. Retrieved 2023-02-27.
- ↑ "Edtech firm BrightCHAMPS launches 'Next-Gen Hub' for life-skills learning in Vietnam". cnbctv18.com. 2023-02-17. Retrieved 2023-02-27.
- ↑ Desk, Outlook Start-Up (2022-08-26). "BrightCHAMPS acquires English-learning platform Schola". startup.outlookindia.com/. Retrieved 2023-02-17.
- ↑ 19.0 19.1 "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2023-02-17.
- ↑ "Binny Bansal-backed Brightchamps buys Singapore-based startup for $15 million". Moneycontrol. Retrieved 2023-02-17.
- ↑ "BW Businessworld Unveils Power Club Of Top '40Under40' In Education". BW Education. Retrieved 2023-02-17.
- ↑ "BrightCHAMPS tops GSV's 150 List of Transformational Edtech Companies » Careersassist". Retrieved 2023-02-17.
- ↑ "2023 Award Winners". www.entrepreneurindia.com. Retrieved 2023-03-03.
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