Edtech Brightchamps acquires live-learning platform Schola for $15 million

Edtech platform BrightCHAMPS has announced the acquisition of Singapore-headquartered Schola in a $15 million cash and stock deal. Schola is a live-learning platform for kids to master communication and English skills.

Ravi Bhushan, Founder & CEO, BrightCHAMPS, said that the ability to communicate confidently, coherently and creatively is a crucial life-skill for kids and a prerequisite for success as an adult. "Our aim is to bridge the gap between school education and children’s real learning needs."

The acquisition comes on the heels of its $100mn investment war-chest announcement in June, and is in line with BrightCHAMPS’ vision of becoming the one-stop destination for all next-gen life skills for kids in the K-12 segment.

BrightCHAMPS was founded in 2020 by Ravi Bhushan, an IIT-Varanasi graduate. The company is currently valued at $650 million.

Aditya Gupta, co-founder and CEO, Schola, said that the 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," Gupta said.