Indian edtech startup BrightChamps raised $63 million in a fresh funding round

BrightChamps, an Indian Edtech business formed in July 2020, has raised $63 million in a fresh funding round, valuing the company at $500 million. Since its launch in July of last year, it has received a total of $63 million in funding. Premji Investment led the fresh round, which included edtech focused investment firm GSV Capital, Singapore-based Beenext, and Binny Bansal-backed 021 Capital. BrightChamps is a K12 education startup that offers online courses in programming and artificial intelligence, among other subjects. It is now active in ten overseas locations, including Southeast Asia and the Middle East. The company intends to use the new funds to expand into other markets such as the United States and Canada. In India, it has yet to provide paid courses. “Every month, over a hundred thousand registered students spend over 6 million minutes of live learning on the platform,” says the company. “These students are supervised by nearly a thousand online instructors from all over the world,” BrightChamps stated in a press release.

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