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The company, which was founded in 2020, ran a platform to teach co-curricular skills to kids aged 6-16 in India until the beginning of 2023. This B2C model now only makes up for 10 percent of its India revenue.
Capri Loans has reportedly acquired a 51% stake in CarLelo, an online new car marketplace, for INR 150 Cr.
As part of the agreement, Metamorphosis Founder Pavan Allena will lead BrightCHAMPS' B2B vertical under CFO Amit Kumar to enable NEP compliance for schools.
This week, Indian startups have managed to raise $41 Mn across 16 deals, a 39% decline from $66.8 Mn raised last week across 9 deals
Israel-based ed-tech startup TinyTap has secured an $8.5 million funding round, which it will use for staff expansion and product development.