BYJU’s acquires ed-tech company WhiteHat Jr. for $300 million

BYJU’s has acquired 18-Month Old Mumbai Startup WhiteHat Jr. for $300 million, as the Indian online learning giant seeks to broaden its footprint around the globe.

BYJU ‘S, a leading ed-tech firm in the country, has purchased an ed-tech company called WhiteHat Jr. for $300 million, as the Indian online learning giant aims to grow its powerful presence throughout the country.

The whole contract work was completed in six weeks and was virtually resealed. They arranged a zoom call after BYJU’s had contacted Bajaj, and cleared the deal’s details within a day.

WhiteHat Jr delivers online coding courses for school-going learners in India and the United States, and became the fastest leading ed-tech in the Indian startup ecosystem.

Karan Bajaj, founder of WhiteHat Jr., stated “We started WhiteHat Jr. to make kids creators instead of consumers of technology.”

“Technology is at the centre of every human interaction today and we had set out to create a coding curriculum that was being delivered live and connected students and teachers like never before,” Bajaj added.

“We were doing very well in terms of revenue and you would ask for high value, but that was also offset by the fact that the company is very young – it hasn’t been through many periods of ups and downs. Neutralizing all that I initially thought it was a very good offer for all of us – BYJU’s got the company at a lower valuation than what the company would do with this revenue. Investors made an outstanding return on investment, and workers who hold stocks got a decent deal,” Karan Bajaj stated.

WhiteHat Jr., who earned nearly $ 11 million from Omidyar Network, Owl Projects and Nexus Investment Associates, claims to have reached a $150 million annual sales run rate. For now, it will begin to operate as a different agency, a representative for BYJU’s told TechCrunch.

Further Karan Bajaj asserted, “I realized that I worked out a product that seems to work very well in India and the US. The next thought was how to grow really aggressively globally and generate teaching jobs. I thought there’s nothing I can do faster and better than I can do with BYJU’s.”

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