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Edtech startup BrightChamps has raised $51 million in fresh funding, at a valuation of nearly $500 million. The total funding raised by the startup has reached to $63 million, till date.
The fresh funding round saw participation from 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.
The startup plans to utilize the freshly raised funds to hire across major functions such as product, technology, operations and more.
The adeptly crafted programs by BrightChamps complement the school curriculum to fuel the latent talents of children and groom them towards future success in alignment with their natural abilities and inclinations. The programs are being managed by STEM trainer for UN program.
The founder of BrightChamps, Ravi Bhushan, was himself home-schooled and previously served as the chief technology and product officer at online property portal PropTiger.
Founded by Ravi Bhushan, who is an IIT-Varanasi alumnus, 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 6-15 age group.
According to the Techcrunch, BrightChamps has already been approached by one of the largest edtech giants in the country with a buyout offer. BrightChamps is also exploring opportunities to acquire some firms that share its mission and sensibilities.