Industry News

BYJU''S Acquires EdTech Startup WhiteHat Jr. for USD 300 Million

BYJU''''S Acquires EdTech Startup WhiteHat

Ed-tech firm BYJU'S has acquired Mumbai-based live online coding provider WhiteHat Jr. in a USD300 million deal.

India: Leading ed-tech firm BYJU'S announced the acquisition of 18-month old Mumbai-based EdTech startup WhiteHat Jr. The all-cash deal is worth USD300 million (roughly INR 2,246 crore). After the acquisition, BYJU'S will make investment in product innovation and technology platform of WhiteHat Jr so as to cater to increasing demand from the market.

WhiteHat Jr. Founder will continue to lead and scale the business in India and the United States. The company had recently announced their plans to expand to other global markets such as Canada, UK, Australia and New Zealand after significant growth in the United States for its one-to-one online coding classes.

BYJU’s founder and CEO said, “WhiteHat Jr is the leader in the live online coding space. The company’s coding product capabilities, combined with our pedagogy, expertise and scale, will help expand our learning offerings for school students”.

According to TechSci Research, With 64 million students cumulatively learning from the app, 4.2 million annual paid subscriptions and an annual renewal rate of 85 per cent, BYJU'S is one of the world’s most valued ed-tech startup. During the COVID-19 pandemic, students are enrolling in online classes at unprecedented levels. This has helped companies like BYJU’s, Unacademy and Vedantu to witness significant growth in the country.

According to the published report by TechSci Research, Global Digital Education Market By Learning Type (Instructor-Led Online Education, Self-Paced Online Education),By Course-Type(Entrepreneurship and Business Management Courses, Science and Technology Courses, Others), By End-User (Academic Institutions, Enterprises, Government Organizations, Individual Learners, Others), By Region, Forecast & Opportunities, 2025, global digital education market is expected to grow at a CAGR of over 20% during the forecast period. The main reason for growth of digital education is that aspirants can opt for it from anywhere, with the flexibility in time for them coupled with added advantage of online certifications. Increased use of smartphone, tablet, laptop coupled with high speed internet penetration is further expected to drive the market growth of digital education through 2025. Growing adoption of cloud-based technology and internet penetration has enabled the learners to opt for online education. Presence of large number of content providers in the market is bringing huge educational content online. The hosting cost has declined and growing need for accessing educational content online is propelling the growth of digital education.

According to the recently published report by TechSci Research, Global Online Learning Platforms Market By Type (Academic, Corporate, Government), By Deployment Mode (On-Premise v/s Cloud), By Vendor (Content Provider v/s Service Provider), By Learning Mode (Self-paced v/s Instructor-led), By Learning Type (Synchronous v/s Asynchronous), By Technology (Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts, and Virtual Classroom), By End User (Higher Education Institutions, K-12, Enterprises, Others), By Region, Competition, Forecast & Opportunities, 2025, the global online learning platforms market is projected to grow at a CAGR of 11% during 2020 - 2025 on account of rising adoption of technologies such as AI, IoT, big data, among others, to make the teaching and learning experience more efficient and personalized. Additionally, benefits of online learning platforms such as flexibility, availability at anytime and anywhere, and low cost are further expected to propel the market over the next five years. Furthermore, technological advancements, increasing smartphone user base, new product launches and increasing expenditure by the major players is expected to spur the growth of market through 2025.

Relevant Reports

Relevant News