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BrightChamps, an Indian edtech startup that is attempting to bridge the learning gap left by K12 schools, said on Monday it has raised $51 million in a new financing round and $63 million to date since launching a year ago as the Goa-headquartered firm looks to expand its footprints in over 10 nations. The startup, which was valued at nearly $500 million in the new financing round led by Premji Invest, currently teaches kids programming and other skills in over 10 markets including Southeast Asia, the U.S., and Canada, BrightChamps co-founder and chief executive Ravi Bhushan told TechCrunch in an interview. The startup, which has amassed over a hundred thousand registered students and has achieved profitability, is “building a ‘weapon of mass instruction’ and is leading the disruptive wave which will make India one of the largest exporters of transformative digital education The startup, which spoke for the first time last week after TechCrunch approached it to confirm the funding round, said it intended to speak about its offerings and earlier financing round last year, but decided against it because it didn’t want to celebrate a milestone at a time when its home nation was trying to fight the pandemic. Bhushan declined to comment on any acquisition offer BrightChamps has received, but said he is building the startup with a very long-term vision and is not looking to make short-term profits. Leveraging Human Resources globally to deliver personalised experiences, along with an unique ability to hyper differentiate learning pathways, Brightchamps is on the path to proving that the power of data and learning can be combined for differentiated outcomes,” said T Kurien, Managing Partner of Premji Invest, in a statement.
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