Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country.
The all-cash deal makes 18-month-old Mumbai-headquartered WhiteHat Jr., which offers online coding classes to school-going students in India and the U.S., the fastest exit story at this size in the Indian startup ecosystem.
Founder and CEO of WhiteHat Jr. Karan Bajaj will continue to lead the company.
“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.
Integration with a visionary company such as BYJU’S will help take this idea to new heights and help unleash the remarkable creative potential of kids at a global scale,” Bajaj said.
The deal also gives an early exit to WhiteHat’s investors- venture firms Nexus Venture Partners, Owl Ventures and Omidyar Network.
WhiteHat currently offers live online coding classes to children in the age group of 6 to 14 and helps them build commercial-ready games, animations and apps.
Its subscription packages are priced between Rs 6,000 to Rs 1 lakh, depending on the number of classes. It currently offers three packages of 8, 48 and 144 classes, respectively.
Byju’s, which started out by providing online classes for students from kindergarten to Class 12 (K12), it recently ventured into live classes, test preparation and entrance exams as well.
“WhiteHat Jr. is the leader in the live online coding space. Karan has proven his mettle as an exceptional founder and the credit goes to him and his team for creating 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 Raveendran, Founder and CEO, Byju’s.
Online education has become the hottest sector during the COVID-19 pandemic as students under lockdown have taken to online learning platforms at unprecedented levels.
Companies like Byju’s, Unacademy, Vedantu and WhiteHat Jr. have doubled and tripled growth in the last three months.