Edtech soonicorn BrightCHAMPS has made another acquisition, this time snapping up Hyderabad-based startup Metamorphosis Edu. The deal was made using a combination of cash and stock, although the exact financial details have not been released.
Metamorphosis Edu, which was founded in 2020, specializes in partnering with schools across India to help students develop entrepreneurship-related skills and comply with the National Education Policy. The acquisition marks BrightCHAMPS’ entry into the B2B sector, with Metamorphosis Edu founder Pavan Allena set to lead the vertical and report to CFO Amit Kumar.
The acquisition will enable BrightCHAMPS to expand its curriculum and reach a wider audience by partnering with schools, setting up labs within them, and training teachers in industry-approved curriculum. Metamorphosis Edu’s existing employees, as well as the teachers who work as consultants, will all be absorbed by BrightCHAMPS.
Commenting on the acquisition, BrightCHAMPS CEO Ravi Bhushan said that the two companies were an excellent fit and that he was confident the acquisition would lead to great things for both teams. Meanwhile, Metamorphosis Edu founder Pavan Allena expressed excitement at joining the BrightCHAMPS family and its mission to expand access to education.
BrightCHAMPS, which was founded in 2020, offers online courses in subjects such as programming, artificial intelligence, design thinking, languages, and financial literacy for children between the ages of 6 and 16. The company is currently operational in over 30 countries and has previously acquired Singapore-based Schola and Education10x.
Last November, the edtech soonicorn raised $63 million in a funding round that valued the company at $650 million. In June 2022, BrightCHAMPS announced plans to complete mergers and acquisitions worth $100 million through cash and stock deals.