Global Edtech BrightCHAMPS acquires Metamorphosis Edu in a cash and stock deal to Facilitate NEP Compliance for Schools
Bangalore : While ambitious in its scope of ensuring 21st Century education for all, the New India Literacy Programme (NILP), in alignment with the revolutionary National Education Policy (NEP), has left many schools struggling to ensure quality-driven compliance. Award-winning global edtech, BrightCHAMPS’s latest acquisition – ISB-incubated Metamorphosis Edu – aims to solve this problem for schools across the country.
With a growing need for expert-ratified curriculum in next-gen skills, Metamorphosis Edu has been bridging this gap for schools on the subject of entrepreneurship since its inception in 2020. With the company’s acquisition by BrightCHAMPS in a cash and stock deal, Metamorphosis founder Pavan Allena will lead BrightCHAMPS’s B2B vertical under CFO Amit Kumar to enable NEP-compliance for schools across all the four next-gen life-skills the company offers.
Speaking on the acquisition, BrightCHAMPS Founder & CEO, Ravi Bhushan said, “Our mission is to empower the world’s 2 billion kids with world class learning opportunities in crucial life skills. We’re thrilled that the Indian government is recognising the value of next-gen life skills in ensuring fulfilled futures for all our kids, irrespective of their socioeconomic status or geographical constraints. We want to support these visionary efforts, and Metamorphosis is the perfect partner to help us achieve this goal of substantially widening access to our curriculum at lower price points through partnerships with schools. We’re confident that this acquisition will help both teams achieve great things.”
The partnerships will entail the setting up of BrightCHAMPS Next-Gen Labs within schools and training its teachers in curriculum by industry experts and vetted by an independent, self-regulatory board called the BrightCHAMPS Global Curriculum Advisory Board. While Metamorphosis has so far focussed on setting up entrepreneurship cells in schools to teach its courses, as the B2B arm of BrightCHAMPS the focus will shift to 360-degree 21st Century skill learning.
Speaking on the acquisition, Metamorphosis founder Pavan Allena said, “We’re excited to be a part of the growing BrightCHAMPS family and its mission. With the might of the 3,000-people-strong BrightCHAMPS team thrown behind us, we will be able to cater to school requirements based on different learning needs faster, at scale, and more cost-effectively. All of which will accelerate access, which is the ultimate goal.”
Both the NEP and NILP place immense importance on the need for today’s learners to be equipped with critical life skills such as financial, digital, tech, communication, entrepreneurial, and vocational skills to help them keep pace with a rapidly changing tech-first world. Financial literacy and knowledge about money has become an increasingly important agenda for state education boards, led by CBSE and CISCE, and in 2022, all but three boards within the country agreed to include a financial literacy programme developed by the Reserve Bank of India (RBI).