Think and Learn which owns and operates education technology platform Byju's — The Learning App acquires Mumbai-based WhiteHat Jr in a $300 million all-cash transaction. Ever since the outbreak of Covid crisis, Byju's has been in news for different funding activities indicating its sturdy growth even amid the pandemic.

 Founded in 2018 by Karan Bajaj, the former CEO of Discovery Networks India, WhiteHat Jr, operates in the K-12 segment, teaching students to code and helping them build commercial-ready games, animations and apps, using the fundamentals of coding.

The startup has developed a proprietary coding curriculum, focused on product creation, and imparts lessons through live, interactive online classes. It claims to be clocking a revenue run rate of $150 million. DC Advisors acted as the exclusive financial advisors to the transaction.

Official statement confirm that Byju's will make significant investments in WhiteHat Jr's technology platform, product innovation while expanding the teacher base to cater to demand from new markets. Bajaj will continue to lead and scale this business in India and the US.

The acquisition will now allow Byju's to launch coding to children, a niche, but fast-growing segment amongst the K-12 space, in the broader edtech sector.

The WhiteHat Jr acquisition is also likely to give its investors a strong exit.

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