Education technology company Biju has acquired White Hat Jr., a startup company. Baiju paid 300 300 million (approximately Rs 2,240 crore) for the acquisition. Whitehat Jr. works to improve kids’ coding skills. Coding children is emerging as a big skill in the future and has a market of 8 8 billion, according to a report. The acquisition will help expand it to the United States and India. The new education policy also emphasizes on teaching coding skills from primary school.
Biju will make significant investments in Whitehat’s technology platform and product innovation, expanding the teacher base to meet demand from new markets, the statement said. Karan Bajaj, founder of The Target Company, said, “Technology is vital to everyone today. In this regard, we took the initiative to create a coding curriculum that was never available for students and teachers to live and connect.” “Integrating with a dream company in the form of Biju will help take this concept to new heights and bring significant creative potential to children around the world,” Bajaj said.
Read more: Baiju is India’s second most valuable startup after Paytm
“Whitehat Jr.’s coding product capabilities will help school students learn collectively,” said Baiju Ravendran, founder and CEO of Biju.
Whitehat recently announced plans to expand to other global markets such as Canada, the United Kingdom, Australia and New Zealand after a spectacular run in the United States for an online coding class in the United States. Subsequently, since February of this year, the company has been growing at more than 100 percent per month. According to the statement, Biju doubled its revenue to Rs 2,600 crore and earned Rs 500 crore in July alone.