- Advertisement -

Premji Invest, Flipkart's Bansal lead $63 mn funding in BrightChamps

- Advertisement -

New Delhi, Nov 8 (IANS) Edtech startup BrightChamps on Monday announced it has raised $63 million in fresh funding, reaching a valuation of nearly $500 million in little over a year.

Premji Invest, the investment office of Wipro Founder Azim Premji, US-based GSV Ventures, Flipkart co-founder Binny Bansal-backed 021 Capital and Singapore-based venture fund Beenext participated in the round.

- Advertisement -

Founded by Ravi Bhushan in July last year, the live learning platform BrightChamps offers next-generation life skills such as programming, artificial intelligence (AI), design thinking and financial literacy for kids in the six-15 age group.

“We felt that there is an immense need for a unique curriculum which can fill the gaps in the current education system while aligning with a child’s learning abilities as per their necessity of the age,” Bhushan said.

- Advertisement -

The startup said it has managed to reach over 10 countries with an outstanding booking run rate.

Currently, over 100,000 registered students are spending more than 6 million minutes of live learning every month on the platform.

- Advertisement -

“Brightchamps is well-positioned to emerge as a global leader in the edtech industry. Their meticulously-curated curriculum and blended approach are designed to spark scientific curiosity and exploration in early learners, allowing them to master new-age skills at their own pace,” said Bansal.

The startup plans to utilise the funds to hire across major functions such as product, technology, operations and more.

“In little over a year, Brightchamps has established itself as one of the fastest growing edtech companies in the markets that it serves in,” said TK Kurien, ex-CEO of Wipro and managing partner at Premji Invest.

–IANS

na/ksk/

- Advertisement -
RELATED ARTICLES
- Advertisment -

Related Posts

- Advertisement -