Edtech startup BrightCHAMPS acquires Schola for $15 million
- ByStartupStory | August 25, 2022
Brightchamps, an edtech startup, acquired Singapore-based Schola, a live-learning platform for kids to develop communication and English skills, in a $15 million cash and stock deal. The company aims to utilise the acquisition to strengthen its presence in the K-12 education segment.
Ravi Bhusan, CEO, Brightchamps said, “We’re thrilled to welcome Schola to the growing Brightchamps family. Given Schola’s profitability and sustainable growth approach with low cash-burn, we already know that there is great synergy between the two companies’ operating models. I am confident that with Aditya and Nhu at the forefront, not only will Schola deepen our presence in the more than 30 countries we’re already operational in, but will also help us introduce Brightchamps to many other parts of the world,”.
Brightchamps is presently valued at $650 million and is supported by illustrious investors like Premji Invest and Beenext. The company has raised roughly 63 million dollars so far.
Schola, a company founded in 2019 by former Facebook executives Aditya Gupta and Nhu Tran Le Thanh, helps children ages 4 to 15 develop skills including leadership, public speaking, and communication through live, one-on-one classes. It serves students from 12 nations, including Malaysia, Vietnam, Thailand, Korea, and Japan.
About BrightChamps
The Bangalore based e-learning platform Birthchamps was founded in 2020 The startup firmly believes in fostering the intrinsic potential that children possess. Their carefully designed programmes support the academic curriculum by igniting your kids’ hidden talents and guiding them toward success in line with their innate skills and preferences.
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