(L-R) BrightCHAMPS founder Ravi Bhushan and Schola co-founders Aditya Gupta and Nhu Trang
BrightCHAMPS, a global company providing online, offline, and hybrid STEM-accredited life skills classes, has closed the acquisition of Vietnam-based English communications platform Schola for an undisclosed sum.
After the deal, Schola was renamed BrightCHAMPS Vietnam.
Also Read: ‘High cash-burn growth strategy is ultimately unsustainable’: BrightCHAMPS’s Ravi Bhushan
The deal was first announced in August 2022.
According to Schola co-founder Nhu Tran Le Thanh Schola has four centres for offline and hybrid learning in Ho Chi Minh City, along with thousands of students taking the online 1:1 classes in English communication. BrightCHAMPS Vietnam now aims to run 20 offline hubs by May 2026, 10 each in Hanoi and Ho Chi Minh City.
BrightCHAMPS Vietnam has earmarked a US$10 million corpus to set up these centres and hire and train local and international staff in global best practices.
Additionally, the company will invest heavily in working with local educational institutions and government bodies to integrate future-ready skills into existing educational frameworks.
The edutech firm will also provide scholarships to deserving students. Schola’s students and parents will now have access to BrightCHAMPS’s pool of global educators across 30+ geographies, including the US, the UK, Australia, and Canada.
The venture will also foster more high-quality collaborations, such as the global entity’s recent partnership with Harvard Business Publishing Education, to enable more students to access Harvard ManageMentor courses at no additional cost.
Also Read: BrightCHAMPS acquires SEA-focused edutech startup Schola for US$15M
Currently, Vietnam is BrightCHAMPS’s second-largest global market, and a crucial element of the company’s aim is to be the biggest co-curricular institution in the world by AY2027.
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