BrightCHAMPS, a leading provider of innovative learning programs in coding, financial literacy, robotics, and communication for K-12 students, has announced its acquisition of Metamorphosis Edu, a Hyderabad-based EdTech platform offering entrepreneurship courses to young students, in a cash and stock deal.
However, the financial transactions of the deal were not disclosed.
According to the company’s statement, the deal will help Brightchamps facilitate new school compliance under the National Education Policy (NEP), which demands teaching students next-generation life skills.
As a part of the transaction, Metamorphosis’ founder Pavan Allena will lead Brightchamps’ B2B (business-to-business) vertical under its CFO (chief financial officer) Amit Kumar to enable NEP-compliance for schools across the four next-gen life skills that the startup offers.
Founded in 2020 by Pavan Allena, Metamorphosis provides entrepreneurship courses to school-going students in partnership with educational institutions. The startup was incubated at ISB (Indian School of Business). The company aims to become a promising educational platform that imparts entrepreneurial knowledge to students across the globe. The platform believes that tomorrow’s solutions lie in the imagination of these young minds. Thus, it is essential to move ahead of the dogmas of the traditional education system, incorporate experiential learning, collaborate by questioning what is and merge the old with the new in inspiring ways. It claims to have over 20 employees and 40 to 50 teachers who serve as consultants.
Commenting on the acquisition, Founder & CEO of BrightCHAMPS, Ravi Bhushan, said:
Our mission is to empower the world’s 2 billion kids with world-class learning opportunities in crucial life skills. We’re thrilled that the Indian government recognises the value of next-gen life skills in ensuring fulfilled futures for all our kids, irrespective of their socioeconomic status or geographical constraints. We want to support these visionary efforts. Metamorphosis is the perfect partner to help us achieve this goal of substantially widening access to our curriculum at lower prices through partnerships with schools. We’re confident that this acquisition will help both teams achieve great things.
The partnerships will entail setting up BrightCHAMPS Next-Gen Labs within schools and training its teachers in the curriculum by industry experts and vetted by an independent, self-regulatory board called the BrightCHAMPS Global Curriculum Advisory Board. While Metamorphosis has focused on setting up entrepreneurship cells in schools to teach its courses, as the B2B arm of BrightCHAMPS, the focus will shift to 360-degree 21st-century skill learning.
Founder of Metamorphosis Edu, Pavan Allena, added:
We’re excited to be a part of the growing BrightCHAMPS family and its mission. With the might of the 3,000-people-strong BrightCHAMPS team thrown behind us, we can cater to school requirements based on different learning needs faster, at scale, and more cost-effectively. All of which will accelerate access, which is the ultimate goal.
With the Metamorphosis Edu acquisition, BrightCHAMPS has marked its second acquisition. In August last year, the company acquired Singapore-based Schola, a communications and English-learning platform, in a cash and stock deal of $15 million. Before that, the firm took over the children-focused financial literacy education platform Education10x in the same year.
Started in 2020 by Ravi Bhushan, BrightCHAMPS delivers STEM-accredited and next-gen life skills learning to students from 6 to 16 in coding, financial literacy, robotics, and communications. The startup aims to bridge the gap between school education and children’s real learning needs. It looks to empower students to be technologically, financially, and socially competent by leveraging Invisible Learning to nurture the inner potential of every child.
BrightCHAMPS had raised $63 million at around $500 million valuation in November 2021 from PremjiInvest, GSV Ventures, Flipkart’s co-founder Binny Bansal, Beenext and 021 Capital. It operates in over 30 countries, including the US, Canada, the UAE, Saudi Arabia, Indonesia, Malaysia, Thailand, and Nigeria.