Byju’s Buys WhiteHat Jr in $300m all-in-cash deal

According to the announcement on Wednesday Evening, The education technology platform Byju’s-The Learning App, which is controlled and operated by Think and Learns, has acquired Mumbai-based WhiteHat Jr in $300 million all-cash transactions as the Indian online learning enterprise is expanding its reach across the country. (Source)

 

WhiteHat Jr, which is founded in 2018 by Karan Bajaj, the former CEO of Discovery Networks India, functions in the K-12 division, educating students coding, and assisting them in making commercial based readymade games, animations, and apps. It deploys the basics of coding.

 

The startup has formed an exclusive coding curriculum that is centered on the creation of products and gives live, interactive online classes. It declares a revenue run rate of $150 million.

 

According to an official statement released by Byju's, the app will make notable investments in WhiteHat Jr's technology platform and product innovation as it is increasing the teacher base in providing demand from new markets. 

 

Byju Raveendran, the founder, and the CEO of the startup said Byju’s will make “significant investments” in WhiteHat Jr. and engage extra teachers to grow it in new markets. Recently, WhiteHat Jr. proclaimed various plans to extend in Canada, U.K., Australia, and New Zealand.

 

Karan Bajaj, founder of WhiteHat Jr, will proceed to drive and balance this business in India and the US. DC Advisory served as the particular financial advisors for the deal.

 

“We originated WhiteHat Jr. to make kids creators, not consumers of technology,” said Karan Bajaj in a statement. Also, he added, “Technology is at the essence for human communication today, we arranged a coding curriculum that was delivered live and connected students and teachers.”