Premji Invest, Flipkart’s Bansal lead $63 mn funding in BrightChamps

Edtech startup BrightChamps on Monday announced it has raised $63 million in fresh funding, reaching a valuation of nearly $500 million in a little over a year.

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 participated in the round.

Founded by Ravi Bhushan 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 six-15 age group.

“We felt that there is an immense need for a unique curriculum which can fill the gaps in the current education system while aligning with a child’s learning abilities as per their necessity of the age,” Bhushan said.