M&A
Edtech co Brightchamps acquires Singapore's English learning enabler Schola for $15-M
Edtech platform Brightchamps has acquired Singapore-headquartered Schola, a live-learning platform for children for learning communication skills and English, in a USD 15 million cash and stock deal. Founded in 2019 by Aditya Gupta, Schola offers courses through a live, one-on-one class model for children aged 4 to 15 years. The skills imparted include communication, public speaking, leadership presentation, and confidence-building, aimed at first-generation English speakers. Schola claims to have a presence in Vietnam, Thailand, Korea, Japan, and Malaysia.
From the Venture Intelligence PE-VC Deal Database: In Nov 21, Brightchamps had raised USD 63 M from PremjiInvest, Beenext, 021 Capital and GSV Ventures (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence M&A Deals Database: In Feb 21, Brightchamps acquired Education10x in a cash and stock deal (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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