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WhiteHat Jr has allotted 41,330 Series B preference shares at an issue price of Rs 677,476 per share to raise Rs 2,800 crore or $376 million from Byjus, regulatory filings show.
Is White Hat Junior the future?
Byju’s had acquired WhiteHat Jr for $300 million in August 2020, and folded it into its Byju’s Future School banner. Byju’s Head of Customer Experience and Delivery, Trupti Mukker, would now lead Byju’s Future School and WhiteHat Jr.
Is White Hat Junior profitable?
WhiteHat Jr spent Rs 4.46 to earn a single rupee of operating revenue in the last fiscal. Its annual losses surged to Rs 53.3 crore during FY20 while the EBITDA margin stood at 294.89\%. During five months of FY19, the losses were recorded at Rs 2.6 crore.
Who sponsors WhiteHat Jr?
Byju’s
WhiteHat Jr was acquired by Byju’s in a $300-million deal a year ago. Raveendran said that Bajaj has exceeded his expectations. “We’ve expanded successfully to Brazil, Mexico, Australia, UK — beyond India and the US — launched very creative new courses in math and music,” he said in the email.
Where is WhiteHat Jr located?
Mumbai
WhiteHat Jr is headquartered in Mumbai, India and has 2 office locations across 2 countries.
Did BYJU buy WhiteHat Jr?
WhiteHat Jr was acquired by Byju’s in a $300-million deal a year ago. Raveendran said that Bajaj has exceeded his expectations.
How does WhiteHat Jr make money?
The WhiteHat Jr Phenomenon. WhiteHat Jr is the highest paying teacher platform in India. Tutors are paid Rs. 325 per 60 minute class, thus earning a higher entry salary than doctors, engineers and lawyers. You’ll earn even more incentives for punctuality and quality!
Why did BYJU’s buy WhiteHat Jr?
“Its acquisition strategy seems to be around remaining competitive, foraying into complementary segments, create better learning products and business expansion. Byju’s has been looking for expansion in India as well as international markets.”
Who are WhiteHat Jr competitors?
WhiteHat Jr’s top competitors include Association Quantum, Global E2C, BetterU Education and Mastery Technologies. WhiteHat Jr is an education tech company that helps kids between build commercial-ready games.
Is whitehat Jr worth $350 million?
WhiteHat Jr, an online education startup, is eyeing valuation of $350 million as it looks to ride on the boom in online learning, said three people aware of the development. It currently provides live online coding classes to children in the age group of 6 to 14 and helps them build commercial-ready games, animations and apps.
Is the whitehat company listed on the stock market?
White Hat Jr. company is not yet listed on the public stock market. It is not a public company that you can but their stocks. Whitehat Education Technology Private Limited is a Private incorporated on 12 October 2018. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Its authorized share capital i
Will US sales drive whitehat’s revenues in June?
Perhaps with this in mind, US revenues will account for 60 percent of WhiteHat’s total revenues in June, Bajaj told Press Trust of India in an interview last week. While online education has been an investor favourite in the last few years, COVID-19 outbreak has turbo-charged this trend because physical classes have become a casualty.
Who is the founder of whitehat?
WhiteHat was founded by Karan Bajaj, the former CEO of Discovery India, in late 2018. It is currently recording bookings of Rs 30-35 crore a month, the people cited above said.