InvestorQ : What is the purpose of Byjus acquiring White Hat Jr?
Arusha Ray made post

What is the purpose of Byjus acquiring White Hat Jr?

Answer
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Dhwani Mehta answered.
1 month ago


India’s largest online learning outfit, Byju's, acquired WhiteHat Jr. This is a start-up that concentrates on online coding classes for young children. With a heavy war chest, Byju’s has been in the midst of aggressive fund raising and is now also deploying to make inorganic acquisitions. The all-cash deal is estimated to be in the vicinity of $300 million.

WhiteHat Jr. has revenues of $150 million per year. For White Hat, this comes as a boon as it allows the company to scale up its operations with the much larger balance sheet of Byju. For Byju, this is a logical integration as it gets into live classes and test preparations for exams. It is here that the live coding franchise of WhiteHat will be invaluable.