Edtech company BrightCHAMPS has acquired ISB incubated Metamorphosis in a cash and stock deal. This is the third acquisition for BrightCHAMPS in the past 15 months.
Following the deal, Metamorphosis founder Pavan Allena will lead BrightCHAMPS’s B2B vertical under CFO Amit Kumar. It will enable NEP-compliance for schools across all the four next-gen life-skills the company offers.
According to BrightCHAMPS, their partnerships will entail the setting up of the company’s Next-Gen labs within schools and training its teachers in curriculum by industry experts and vetted by an independent self-regulatory board.
Currently, Hyderabad-based Metamorphosis Edu has over 20 employees and 40 to 50 teachers who serve as consultants.
Founded in 2020 by Ravi Bhushan, BrightCHAMPS is a global edtech company that delivers STEM-accredited and next-gen life skills learning to students from 6 to 16 in coding, financial literacy, robotics, and communications.
The company aims to bridge the gap between school education and children’s real learning needs. It looks to empower students to be technologically, financially, and socially smart by leveraging Invisible Learning to nurture the inner potential of every child.
In August 2022, BrightCHAMPS acquired Singapore-based communication and English-learning platform Schola and it took over children-focused financial literacy education platform Education10x in February last year.