On Wednesday, leading ed-tech company, BYJU’S announced that it has purchased WhiteHat Jr. which is a Mumbai-based live online coding provider. The everything in cash deal is valued at $300 million (which is nearly Rs 2,246 crore.)
Following the acquisition, BYJU’S will go ahead and make substantial investments in WhiteHat Jr. ‘s technology medium, product innovation whilst even growing the teacher base to effectively serve the demand from different markets, the company mentioned in a statement.
Karan Bajaj, who is WhiteHat Jr. Founder and a preceding Discovery Networks India CEO, will proceed to lead and ascend the business in both India and the US.
Byju Raveendran, Founder and CEO, BYJU’S stated: “WhiteHat Jr. is the leader in the live online coding space. Under his (Bajaj) leadership, the company has achieved phenomenal growth in India and the US in a short span of time.”
WhiteHat Jr. is considered as India’s second-largest ed-tech firm having an income run rate of $150 million.
This acquisition will even speed up BYJU’S US expansion plans.
“We started WhiteHat Jr. to make kids creators instead of consumers of technology,” stated Bajaj.
He further added, “Technology is at the center 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.”
In the very recent days, WhiteHat Jr. had declared their plans to broaden to several other global markets as well, consisting of the UK, NewZealand, Australia, and Canada following an outstanding growth in the US for its one-to-one coding classes.
After introducing their courses in the US in February, WhiteHat Jr. is rising at beyond 100 percent (month over month) in the country.
Founded in November 2018, WhiteHat Jr. assists kids between the ages of 6-14 to create commercial-ready games, animations, and apps online by using the basics of coding.
Byju stated: “ WhiteHat Jr.’s coding product capabilities, combined with our pedagogy, expertise and scale will help expand our learning offerings for school students.”