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Edtech startup <keyword id="12484650" type="General" weightage="20" keywordseo="brightchamps" source="Orion">BrightChamps</keyword> on Monday announced it has raised $63 million in fresh funding, reaching a valuation of nearly $500 million in little over a year. <keyword id="648852" type="General" weightage="20" keywordseo="Premji-Invest" source="Orion">Premji Invest</keyword>, the investment office of Wipro Founder Azim Premji, US-based GSV Ventures, Flipkart co-founder Binny Bansal-backed 021 Capital and Singapore-based venture fund Beenext participated in the round. Founded by Ravi Bhushan in July last year, the live learning platform BrightChamps offers next-generation life skills such as programming, artificial intelligence (AI), design thinking and financial literacy for kids in the six-15 age group. “We felt that there is an immense need for a unique curriculum which can fill the gaps in the current education system while aligning with a child’s learning abilities as per their necessity of the age,” Bhushan said. The startup said it has managed to reach over 10 countries with an outstanding booking run rate. Currently, over 100,000 registered students are spending more than 6 million minutes of live learning every month on the platform. “Brightchamps is well-positioned to emerge as a global leader in the edtech industry. Their meticulously-curated curriculum and blended approach are designed to spark scientific curiosity and exploration in early learners, allowing them to master new-age skills at their own pace,” said Bansal. The startup plans to utilise the funds to hire across major functions such as product, technology, operations and more. “In little over a year, Brightchamps has established itself as one of the fastest growing edtech companies in the markets that it serves in,” said TK Kurien, ex-CEO of Wipro and managing partner at Premji Invest. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/subscribe-to-paytm-ipo-experts-are-not-fully-convinced/articleshow/87578255.cms" data-type="tilCustomLink">Looking to subscribe to Paytm’s IPO? Analysts raise caution</a> <a href="https://www.businessinsider.in/business/startups/news/how-to-subscribe-to-paytm-ipo-on-zerodha-paytm-money-banks/articleshow/87510232.cms">Paytm IPO will open today — here is how to apply via bank and apps like Zerodha, Paytm Money</a> <a href="https://www.businessinsider.in/stock-market/news/fino-payments-bank-ipo-allotment-is-tomorrow-november-9/articleshow/87577397.cms">Fino Payments Bank IPO allotment tomorrow, investors had oversubscribed by over 2 times</a>

One-year-old edtech startup BrightChamps is now valued at half a billion, after $63 million round led by Premji Invests and Flipkart's Binny Bansal

New Delhi, Flipkart co-founder <keyword id="20035696" type="General" weightage="80" keywordseo="binny-bansal" source="keywords">Binny Bansal</keyword> has come up with a new venture - '<keyword id="20035698" type="General" weightage="20" keywordseo="oppdoor" source="Orion">OppDoor</keyword>', which will help e-commerce companies expand operations globally by providing them with end-to-end solutions, a media report said on Tuesday. According to the filings, the company is registered in Singapore and was founded in May 2021. OppDoor was previously known as <keyword id="20035700" type="General" weightage="50" keywordseo="three-state-ventures-pte-ltd" source="keywords">Three State Ventures Pte Ltd</keyword>, reports Moneycontrol. OppDoor will first target e-commerce businesses in the US, Canada, Mexico, the United Kingdom, Germany, Singapore, Japan, and Australia. India does not find a mention on the website yet, the report noted. According to the company's website, OppDoor provides "a comprehensive suite of services." It adds that OppDoor's services "span a brand's complete lifecycle, from birth to exit. Hence, we provide both fully managed operations and business advisory services". The website also mentioned, "OppDoor delivers fully-managed Amazon services aimed at expanding your private label brands across multiple regions globally." "Brands with multi-region presence walked away with 3x higher exit multiples compared to brands selling in only one or two Amazon regions," it added. Three State Ventures is Bansal's Singapore-based venture capital firm. The firm has backed various firms in India, including Curefoods, Scapia, and others, the report mentioned. Last year, Bansal sold his remaining stake in Flipkart and received about $1-$1.5 billion from his shareholding in Flipkart. Binny, along with <keyword id="20035699" type="General" weightage="50" keywordseo="sachin-bansal" source="keywords">Sachin Bansal</keyword>, exited Flipkart after selling it to Walmart in 2018 for around $16 billion. Binny has backed around 60 startups, like Acko, Ather Energy, Curefoods, Cultfit, BrightChamps, Unacademy, Yulu and others.

Flipkart's Binny Bansal launches startup that helps e-commerce companies go global

51 start-ups from India likely to become unicorns in three years

<ul><li><keyword id="6251606" type="General" weightage="20" keywordseo="classplus" source="Orion">Classplus</keyword> is among the highest valued Indian <keyword id="2989202" type="General" weightage="20" keywordseo="edtech-startups" source="Orion">edtech startups</keyword> outside of the unicorn club.</li><li>The edtech startup on Tuesday announced its $70 million funding round co-led by Alpha Wave Global and Tiger Global.</li><li>It is a mobile-first SaaS platform that allows educators and content creators to build their online presence.</li><li>The company claims to have more than 100,000 educators and content creators from over 3,000 towns and cities.</li></ul>Classplus — a company that helps educators and content creators launch online classes — is now valued at $600 million. The edtech startup on Tuesday announced its $70 million funding round co-led by Alpha Wave Global and Tiger Global. With this, Classplus is among the highest valued Indian edtech startups outside of the unicorn club. A unicorn is a private company valued at or over a billion dollars. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Valuation </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Backers </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Scaler Academy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$710 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tiger Global, Sequoia India </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Classplus </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$600 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Alpha Wave Global, Tiger Global </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BrightChamps </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$500 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Premji Invest, Flipkart’s Binny Bansal </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Teachmint </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$500 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lightspeed, Better Capital </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Company Announcements Abu Dhabi-based Chimera Ventures also joined Classplus’ Series D round, along with existing investor RTP Global. The company plans to use this capital to enhance its product and further expand its global presence. “We’ll be deploying the freshly infused funds to take our product up by notches and expand our presence globally. Going forward, we’ll also be investing in new acquisitions and partnerships that will enable us to continue delivering best-in-class experience to the educators and helping them create an impact in the education system by building bigger and stronger businesses,” Mukul Rustagi, chief executive officer (CEO) and cofounder of Classplus, said. Classplus was founded in 2018 by Bhaswat Agarwal and Mukul Rustagi. It is a mobile-first software-as--a-service (SaaS) platform that allows educators and content creators to build their online presence, digitise their offline tuition centres and sell their courses online. It focuses on both academic and non-academic courses like fitness and lifestyle, personal finance, language training and more. The company claims to have more than 100,000 educators and content creators from over 3,000 towns and cities. Classplus <a href="https://www.businessinsider.in/business/startups/news/teachmint-has-acquired-3-startups-airlearn-teachmore-and-teachee-this-month/articleshow/88560790.cms">competes with Teachmint</a> and Zoho’s<a href="https://www.businessinsider.in/business/news/zoho-is-selling-its-video-calling-app-in-as-many-ways-as-possible/articleshow/88137006.cms"> latest offering TainerCentral</a>. Devendra Agrawal, founder and CEO of Dexter Capital Advisors, in a <a href="https://www.businessinsider.in/business/startups/news/india-now-has-four-edtech-unicorns-byju-unacademy-eruditis-upgrad/articleshow/85300757.cms">previous conversation </a>with Business Insider highlighted that players like Teachmint and Classplus have the potential to be India’s next unicorns. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/tata-power-icici-bank-aurobindo-pharma-among-stocks-to-watch-out-for-on-march-29/slidelist/90507868.cms">Tata Power, ICICI Bank, Aurobindo Pharma among stocks to watch out for on March 29</a> <a href="https://www.businessinsider.in/personal-finance/news/link-pan-with-aadhaar-before-march-31-to-avoid-any-penalty-or-other-consequences/articleshow/90510078.cms" data-type="tilCustomLink">Three days left to link PAN with Aadhaar to avoid any penalty or other consequences</a> <a href="https://www.businessinsider.in/tech/apps/news/india-might-be-building-a-super-app-for-its-farmers-combining-weather-market-updates-advisories-and-more-in-one-app/articleshow/90509756.cms">India might be building a super app for its farmers, combining weather, market updates, advisories and more in one app</a>

Classplus is now among the highest valued edtech startups outside of the unicorn club

Zepto, Dunzo among the next 122 unicorns from India — here's the complete Hurun list

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One-year-old edtech startup BrightChamps is now valued at half a billion, after $63 million round led by Premji Invests and Flipkart's Binny Bansal

IANS

Flipkart's Binny Bansal launches startup that helps e-commerce companies go global

IANS

51 start-ups from India likely to become unicorns in three years

Anagh Pal

Classplus is now among the highest valued edtech startups outside of the unicorn club

Kritti Bhalla

Zepto, Dunzo among the next 122 unicorns from India — here's the complete Hurun list

Kritti Bhalla

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