# Brightchamps Tech Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brightchamps-tech-private

- Industry: Education/Training
- Headquarters: Singapore, Singapore
- Website: www.brightchamps.com
- Total disclosed funding: $66M
- Latest round: Series A (Aug 15, 2022)
- Investors on record: 9

## About

Brightchamps Tech Private Limited is an educational technology company offering online learning programs for children aged 6 to 16, focused on skills like coding, robotics, and financial literacy.Founded in 2020 and headquartered in Singapore, Brightchamps Tech Private Limited specializes in online education for children, emphasizing coding and STEM subjects. The company has successfully completed 3 deals, with its most recent, a Series A funding, occurring on August 15, 2022, where it raised USD 2.64 mn from investors including 500 Global, NextTech Group of Technopreneurs, and VIC Partners, leading to a post-money valuation of USD 652.24 mn. The founders, Aashish Gupta, Abhishek Sharma, Kirti Kumar, and Ravi Bhushan, have a diverse background in the tech industry, with Ravi Bhushan currently serving as CEO.Brightchamps offers a comprehensive range of online courses aimed at children aged 6 to 16, covering coding, robotics, financial literacy, mathematics, English, and science. Key offerings include advanced and beginner coding courses, alongside engaging robotics programs, all designed to promote creativity and critical thinking. The company employs experienced educators for interactive live sessions, providing personalized learning tailored to each child’s needs. Brightchamps serves clients in over 30 countries, including the USA, India, Indonesia, and the UK, and enhances student exposure through global hackathons and partnerships with institutions like Harvard Business Publishing Education.In the most recent fiscal year of 2023, Brightchamps reported a revenue of USD 8.10 mn, with an EBITDA of USD -20.13 mn. The company generates income through a direct-to-consumer model, utilizing a subscription-based approach that allows parents to enroll their children in various educational packages, thereby promoting consistent learning engagement.Brightchamps plans to leverage its recent Series A funding of USD 2.64 mn, raised on August 15, 2022, to enhance its product offerings and expand into new markets. The company targets geographic expansion into regions such as Southeast Asia and Europe by 2024, along with the introduction of new courses in emerging fields of technology. This funding will support product development and marketing initiatives to facilitate this growth.

## Funding rounds

- Series A, Aug 15, 2022, $2.6M — 500 Global, VIC Partners, NextTech Group of Technopreneurs
- Series A, Nov 10, 2021, $51M — PremjiInvest, BEENEXT, GSV Ventures, Three State Capital
- Seed, Aug 25, 2021, $12M — BEENEXT, GSV Ventures, Xeed Ventures, Allomer Capital

## Investors

- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed, Series A
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Seed, Series A
- Xeed Ventures (https://capitalatlas.ai/funds/xeed-ventures) — Seed
- Allomer Capital (https://capitalatlas.ai/funds/allomer-capital) — Seed
- PremjiInvest (https://capitalatlas.ai/funds/premjiinvest) — Series A
- Three State Capital — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- VIC Partners (https://capitalatlas.ai/funds/vic-partners) — Series A
- NextTech Group of Technopreneurs (https://capitalatlas.ai/funds/nexttech-group-of-technopreneurs) — Series A