Ed-tech platform BrightCHAMPS has acquired communications and english-learning platform, Schola in a $15 million cash and stock deal.
This acquisition will help Brightchamps connect the English speaking and communications vertical, a segment that will help it grow rapidly in its key markets – South East Asian countries such as Vietnam, Thailand and Indonesia.
Singapore-headquartered Schola was founded in 2019 by former senior Facebook executives, Aditya Gupta and Nhu Tran Le Thanh, It offers a variety of courses in a live, one-on-one class model for children aged four to 15 years to build the critical abilities for the successful global careers of tomorrow.
These skills programs include communication, public speaking, leadership presentation, confidence building, and more. Additionally, this curriculum has been designed keeping in mind the special needs of children who are first generation English speakers, with an emphasis on learning through real-life practice of spoken English.
Schola currently offers classes to students from 12 countries including Vietnam, Thailand, Korea, Japan, Malaysia and others.
“Schola’s mission is to build the world’s next generation of confident, creative and communicative kids. Far too many kids from countries and families that don’t speak English as their first language end up getting overlooked for higher education or career opportunities despite being perfectly qualified in every other way. Our goal is that lack of English proficiency should never again come in the way of a child’s dreams once they are touched by Schola. We hope that the combination of BrightCHAMPS’ brand equity and our subject-matter expertise will help Schola lead the world in the communications live-learning space,” said Aditya Gupta, Co-founder and CEO, Schola.
BrightCHAMPS was founded in 2020 by Ravi Bhushan, it ia an edtech soonicorn company runs a platform to teach coding, financial literacy and robotics to children aged 6-16.
The company claims to have operations in over 30 countries including the US, Canada, United Arab Emirates, Saudi Arabia, Indonesia, Malaysia, Thailand and Nigeria.
“Brightchamps started with the Middle East, went into Southeast Asia and then expanded to North America, but more than half of the business is from Southeast Asia, so we have a better understanding of that market and then we realised that in that market, a lot of countries like Vietnam and Thailand have a language barrier and as people join global workforce, speaking English becomes vital,” said, Ravi Bhushan, founder and CEO, BrightCHAMPS.
“Schola is focused on that and the founders of Schola are from Vietnam and Singapore and so they have a deep understanding of the market,” he added.
In November 2021, BrightChamps had raised $63 million from investors including Premji Invest, BeeNext, GSV Ventures, and Flipkart co-founder Binny Bansal-backed 021 Capital, among others.
Schola is building the World Leader in Communication Skills for children in the age groups of 4 to 15 years, making them ready for careers of tomorrow.
With students from over a dozen countries, Schola delivers a variety of courses on English-language-based capabilities and Communication confidence and skills building programs – such as Schola’s Presenting and Public Speaking Programme designed specifically for kids and helps them become effective speakers. The program is delivered through 1-on-1 personalized learning a network of trained qualified teachers over our proprietary technology platform.
They deeply believe in nurturing the hidden potential which kids innately have. Their adeptly crafted programs complement the school curriculum to fuel the latent talents of your children and groom them towards future success in alignment with their natural abilities and inclinations. In this fast-changing world, they arm your kids with the most desired skills of the next generation, an extra edge a competitive edge to succeed in their predilected field. They envisage your kids to be the next technology leaders, innovators, artists, entrepreneurs and scientists of tomorrow.