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BrightCHAMPS acquires Edjust in cash and stock deal

EntrackrEntrackr · 1y ago
BrightCHAMPS acquires Edjust in cash and stock deal
Medial

**BrightCHAMPS acquires Edjust in cash and stock deal** Edtech platform BrightCHAMPS has acquired the Indian K12 education marketplace Edjust to fortify global expansion. The cash and stock deal concludes BrightCHAMPS’s fourth acquisition since its inception in 2020 – Education10x (2021), Schola (2022), Metamorphosis Edu (2023), and now Edjust (2024). With this, Edjust’s founders will lead the company’s efforts to open up a new distribution channel. The soon-to-be-announced vertical will deliver learning in academic subjects like Maths, Science, and English for students’ all-round success and future readiness. Post-acquisition, Edjust is set to refine its sales model while also expanding its presence across 30 geographies, introducing parents to immersive digital experiences. Founded in 2022 by Dushyant Panchal, Anmol Mittal, and Sanjay Panikar, Edjust uses a combination of AI and human EQ, sophisticated data, and contact centers to ensure that only parents with a high inclination for edtech products are approached for sales. Edjust claims to have a track record of success with vast networks of parents in the US and UK. BrightChamps, led by Ravi Bhushan, offers online programming and AI courses for kids in the K-12 segment. It operates in 30 countries, including the US, Canada, Nigeria, Southeast Asia, and the Middle East. The startup also provides courses on coding, financial literacy, and robotics for children aged 6-16. In November 2021, it raised $51 million, valuing the company at $500 million. So far, BrightChamps has secured a total of $63 million through two funding rounds.

upGrad acquires early-talent marketplace Internshala

EntrackrEntrackr · 2d ago
upGrad acquires early-talent marketplace Internshala
Medial

upGrad, an integrated skilling and workforce development company, has acquired the early-talent marketplace Internshala for an undisclosed amount through a transaction in which 90% of the consideration was structured as a stock swap. The deal values Internshala at around Rs 100 crore. According to upGrad, it will invest additional resources to accelerate product innovation, AI-led talent matching, and enterprise hiring models, with the aim of growing Internshala’s revenue from Rs 45 crore to Rs 100 crore or more over the next 18–24 months. The acquisition is intended to enable existing upGrad learners to access internships and job listings available on Internshala, while also onboarding new users to the platform. Internshala will shift towards a more enterprise-focused model by leveraging upGrad’s enterprise business and working closely with companies in the learning and development segment. Internshala will continue to operate as an independent brand under its founder and chief executive, Sarvesh Agrawal. The company aims to leverage upGrad’s scale and technology infrastructure as it expands its offerings and user base. Founded in 2011 by Agrawal, Internshala is an internship and training platform that helps college students build skills and gain real-world experience through internships and fresher jobs. The Gurugram-based company claims to have more than 34 million registered users and around 450,000 employers on its platform, with roughly 3 million active applicants annually. Over 40% of its users come from tier-II and tier-III cities across India.

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