Byju’s has acquired WhiteHat Jr in an all-cash deal worth dollar 300 million. Byju’s is an online education platform and WhiteHat Jr is an education technology startup.
The acquisition marks Byju’s entry into the fast-growing computer code training segment targeted at the high school and college students.
The acquisition of WhiteHat Jr is the fifth acquisition of Byju’s. WhiteHat Jr acquisition is the largest acquisition so far by the Byju’s.
It had last acquired Osmo, a maker of educational games, for $120 million in its first-ever purchase of a US company in January 2019.
WhiteHat Jr. is a platform for coding that helps students with computer coding skills. It mainly focuses on students of class 9-12. In 2018 it was founded and helped kids of age 6 to 14 years to build commercial-ready games, animations, and apps with the help of fundamentals of coding.
It provides 4 levels of coding namely, beginner, intermediate, advanced, and professional.
WhiteHat Jr already has its presence in the US market since February 2020, and it had further planned to extend to other global markets like UK, Australia, Canada, and New Zealand.
This acquisition will help Byju’s to further expand its course offerings to Indian school students. Byju’s after acquisition further plans to invest more in WhiteHat Jr’s technology platform, product innovation while expanding the teacher base to cater to demand from new markets, according to a company statement on Wednesday.
“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,” Karan Bajaj, founder, WhiteHat Jr.