BrightChamps

Live classes taught by a globally sourced teacher pool, positioned as beyond what school offers.

Coding, robotics, financial literacy, Gen AI, math, English and science curriculum designed to be hands-on and curiosity-driven.

Classes run live in real time with a personalized-attention format, not pre-recorded content.

Structured learning paths tailored by age and skill level, from Grade 1 through Grade 12.

Parents booking live courses for their children across more than 30 countries including India, Indonesia, the US, UAE and Southeast Asia.

Parents get one-on-one guidance from an advisor on their child's progress and course selection.

New families experience a live class with an expert teacher before committing to a paid course.

Primary product access point for booking and attending classes, available on all devices.

Classes are delivered live on the BrightCHAMPS platform, typically run through Zoom.

Prospective customers are converted through a free trial session before purchasing a paid course.

In-house curriculum for coding, robotics, financial literacy, Gen AI, math, English and science, designed by IIT & MIT alumni.

Bolt-on acquisitions (Education10x, Schola, Metamorphosis Edu, Edjust) used to add skill verticals and geographies; company set aside a dedicated acquisition budget for FY23.

A distributed pool of teachers delivering live classes across 25+ countries; top performers are rewarded with teacher stock options (TSOPs).

BrightChamps raised $63M at a valuation of around $500M in a funding round led by Premji Invest, with participation from GSV Ventures, Flipkart co-founder Binny Bansal, 021 Capital, and Singapore-based BeeNext.

BrightChamps' platform and curriculum hold third-party certifications/affiliations from the kidSAFE child-safety seal program, STEM.org curriculum accreditation, the Northwestern-led HAND research consortium, and the All India Council for Robotics & Automation.

BrightChamps offers students Harvard ManageMentor® access as part of its course credentials — a named partnership behind the platform's broader 'Ivy League-level' positioning.

Acquired in 2022 for $15M in a cash-and-stock deal, Singapore-based Schola's live 1-on-1 communications and English-learning platform gave BrightChamps an English-speaking/communications vertical to scale across Southeast Asia.

BrightChamps' third acquisition in 15 months (April 2023, cash-and-stock), ISB-incubated Metamorphosis Edu now leads the B2B vertical, setting up 'Next-Gen labs' inside partner schools with curriculum vetted for NEP compliance.

BrightChamps acquired Education10x, a gamified financial-literacy program for children aged 8-16, in a cash-and-stock deal, giving BrightChamps a dedicated financial-literacy vertical.

Per-class-priced 1-on-1 and group course packages, e.g. a beginner 1-on-1 coding course listed at $1,499.

Employee benefit expense was BrightChamps' single biggest cost in FY23, growing 1.3x to INR 73.1 Cr from INR 54.8 Cr in FY22 — including INR 45.2 Cr in salaries/wages and INR 25 Cr in ESOP charges.

BrightChamps' advertising and marketing expenses were its second-largest cost line, rising 1.3x to INR 58.2 Cr in FY23 from INR 42.4 Cr the prior year.

Total expenses jumped 1.5x to INR 180.1 Cr in FY23 (from INR 121.1 Cr in FY22) against operating revenue of only INR 17.4 Cr — BrightChamps spent about INR 10.35 for every INR 1 earned from operations, widening its net loss to INR 159.5 Cr.