EduTech company Byju’s has bought EduTech company White Hat Junior for about Rs 2200 crore. Byju’s said that after purchasing White Hat Junior, it will emerge stronger in education technology. Also, White Hat Junior’s expertise in live online coding will help the company grow. White Hat Junior, which started in 2018, provides online training to children aged 6 to 14 to make games, animations, apps, fundamentals of coding are taught through this platform.
CEO of Byju’s, said that White Hat Junior is the leader start-up in the online coding space. Under his leadership, the company has achieved very good growth and has achieved expansion well in both India and America. The company says that it has six crore 40 lakh students, who learn from its apps and has 42 lakh paid subscribers. Byju’s has said that after the acquisition, it will invest in Product Innovation, the technology platform of White Hat Junior. In addition, it will also expand the teacher base so that the demand of the new market can be fulfilled. The statement said that Karan Bajaj, the founder of White Hat Junior, will continue to see its business both in India and America.
The special thing is that Nexus Ventures Partners and Omidyar Network are funded by White Hat Junior. Its revenue has reached $ 150 million. Byju’s has said that there will be a lot of demand for coding skills in the coming days as education policy is revised and is the skill of the future. Buying White Hat Junior is part of BYJU’s expansion plan. Recently, BYJU’s platform has been funded by Silicon Valley investor Mary Mikar’s fund Bond Capital and has valued the company at $ 10.5 billion.
Moreover, the Investment company DST Global is going to invest $ 400 million in Indian online education startup Byju’s. Byju’s is a $ 10.5 billion ($ 1050 million) company and according to sources, this deal may be signed soon.