- India’s education tech startup Byju’s acquires Mumbai-based education tech startup WhiteHat Jr. for $300 million.
- With this acquisition, Byju’s looking forward to expand their reach across the country and in the international market.
- Currently, WhiteHat Jr. offers online coding classes and courses to school-going students in India and the U.S.
India’s one of the top education tech startups Byju’s acquires Mumbai-based education tech startup WhiteHat Jr. for $300 million. The startup WhiteHat Jr. provides online coding classes to school-going students in India and the U.S.
With this acquisition, Byju’s is looking forward to expanding its dominant reach across the country and in the international market. The edtech startup WhiteHat Jr., which had raised about $11 million from Omidyar Network, Owl Ventures, and Nexus Venture Partners. Furthermore, WhiteHat Jr. has achieved an average annual revenue of $150 million. WhiteHat Jr. will continue to operate as a separate entity for now. said, Byju’s spokesperson.
We started WhiteHat Jr. to make kids creators instead of consumers of technology,”Karan Bajaj, Founder of WhiteHat Jr.
Moreover, Byjus’ co-founder Byju Raveendran said, Byju’s will make “significant investments” in WhiteHat Jr. and will hire more workforce to expand their startup in new markets. WhiteHat Jr. recently announced plans to expand to Canada, U.K., Australia, and New Zealand.
Unlike most ed-tech startups, WhiteHat Jr. assigns one teacher for each student for a live class session, each session cost about $10. According to the report, More than 5000 teachers are currently working with WhiteHat Jr. which provides online coding classes to its students. said, the founder, Karan Bajaj
Karan has proven his vitality as an exceptional founder and the credit goes to him and his team for creating amazing coding programs that are loved by kids. Under his leadership, the company has achieved phenomenal growth in India and the US in a short span of time,”Said, BYJU’s founder, BYJU Raveendran
Currently, Byju’s is the second most valued Indian tech startup after PayTm ($16 billion) currently valued at $10.5 billion.