The biggest acquisition in ed-tech platforms- Think and Learn which owns and operates an education technology platform -Byju’s acquired White Hat Jr headquartered in Mumbai to expand the educational arenas of Byju’s.
White Hat Jr provides coding classes for the school-going students of India and US. White hat has completed 18 months in the market with its headquarters in Mumbai, Maharashtra.
The founder of Byju’s- Byju Raveendran said that Byju will make a significant investment in newly acquired White Hat Jr to hire more teachers and staff members in order to reach and teach more students coding and about latest technologies emerging. The investment will also be made to expand the basis of the market and help it reach to markets of Canada, UK, Australia and New Zealand.
“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.
White Hat Junior is different from all the ed-tech startups as it provides individual teacher for every student and every class which is a live session costs around $10. Currently, around 5000 teachers are working for White Hat Jr.
Earlier, White Hat acquired fundraise of about $11 million led by Omidyar Network, Owl Ventures and Nexus Venture Partners. White Hat claims that it has become successful in achieving revenue rate of $150 million annually.
“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.” said the founder of White Hat Jr and IIM Banglore graduate Karan Bajaj https://www.linkedin.com/in/karan-bajaj-8806191/
The white hat Jr. will continue to perform as a separate entity for now.
Bjyu’s has acquired funding of $400 million this year is ensuring to invest the money to acquire young firms before the valuation gets any higher. Byju’s is investing all the money in right direction and to enhance and expand its platform to greater heights.
Other latest ventures in ed-tech platforms
Facebook backed Uacademy acquired Medical Preparation Platform Prepladder for $50 to expand and enhance medical arena of studies.
Byju’s is also planning to acquire a two years old startup Doubtnut- The platform which offers to solve science and mathematics problems of students from grade 6th to 10th in local languages.
Last year also Byju’s acquired US-based startup Osmo in $120 million.