BrightCHAMPS’ net loss widened to INR 159.5 Cr in FY23 from INR 98.6 Cr in the previous year
Operating revenue fell 22.7% to INR 17.4 Cr from INR 22.5 Cr in FY22
The edtech soonicorn’s total expenses jumped 1.5X to INR 180.1 Cr from INR 121.1 Cr in FY22
Edtech soonicorn BrightChamps reported a 22.7% decline in its standalone operating revenue to INR 17.4 Cr in the financial year 2022-23 (FY23) from INR 22.5 Cr in the previous fiscal year.
Founded in July 2020 by Ravi Bhushan, BrightCHAMPS offers certificate courses for coding, creative thinking, financial literacy, among others, to kids in the 6-16 years age group. It earns a majority of its revenue from the sale of services.