EdTech firm BrightChamps acquires Metamorphosis Edu to enter B2B market
- ByStartupStory | April 27, 2023
Education technology company Brightchamps has acquired Hyderabad-based Metamorphosis Edu in a cash and equity agreement to expand its offerings in the B2B market.
Metamorphosis Edu partners with schools across India to provide entrepreneurial training to children and support them in understanding the National Education Policy.
“The entire Metamorphosis crew has joined BrightChamps at this time. Neither side has made any layoffs. This crucial component was entirely lacking, but now that it has been included, we have the ideal team and product mix to contribute to the ecology of the school,” said Brightchamps founder and CEO Ravi Bhushan.
The acquisition will also help Brightchamps establish labs inside schools and provide curriculum training to teachers from business experts approved by the company’s self-regulatory board.
Brightchamps’ B2B vertical will be led by Metamorphosis Edu founder Pavan Allena under the direction of Chief Financial Officer Amit Kumar. “We are combining all of our product lines, including those we have recently purchased, onto a single platform,” Bhushan added. Metamorphosis Edu has 22 employees and 40-50 teachers as consultants, while Brightchamps has 3,000 employees, including consultants, and 700 full-time employees.
“We believe that this acquisition will help us in achieving our goal of providing the best educational experience for our students. The addition of Metamorphosis Edu’s expertise in entrepreneurship skills training will be a significant step towards that,” Bhushan said.
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