BYJU’S in talks to acquire WhiteHat Jr in $300 million all-cash deal: Reports

WhiteHat Jr, as per media reports, has been holding talks with a number of venture capital and private equity firms for fresh financing

e4m by exchange4media Staff
Updated: Jul 4, 2020 12:41 PM
BYJU'S

BYJU’S has extended a $300-million cash offer to acquire WhiteHat Jr, say media reports.

WhiteHat Jr, founded by Karan Bajaj in 2018, has been already making discussions to raise $50 million in fresh funding. It has been holding talks with a number of venture capital and private equity firms.

BYJU’S is also said to be in talks to acquire another learning app Doubtnut in another all-cash deal.

In June this year, BYJU’s raised funds from Bond Capital, a venture capital co-founded by Mary Meeker. This was reportedly the first time that Bond Capital had invested in an Indian start-up.

The funding, claimed reports, made BYJU’s the second most valued startup in India.

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