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BYJU’S planning to shut WhiteHat Jr, claim sources

WhiteHat Jr

BYJU’S to shut WhiteHat Jr

According to Business Today, edtech unicorn BYJU’s is considering shutting down one of its acquisitions, coding platform WhiteHat Jr According to Business Today, the company is taking this step to cut costs in order to reach profitability by March 2023.

WhiteHat Jr specializes in teaching children programming, music, and mathematics. They were purchased by BYJU’s in 2020 for a whopping $300 million.

WhiteHat Jr has come under fire for its aggressive marketing tactics. Furthermore, according to the most recent regulatory filings, the company was the largest contributor to BYJU’s losses in FY 2021.

Interestingly, BYJU co-founder Divya Gokulnath also stated in an interview with Business Today that the company was struggling.

“With the exception of WhiteHat Jr, all of our acquired companies are doing extremely well,” she said.

WhiteHat Jr

This news comes as the parent company prepares to list one of its other acquisitions, Aakash, on the stock exchange.

Gokulnath explained to Business Today, “We want to list it in India and are working on it. We’ve been planning it for a while now.”

In response to Business Today’s inquiries, the company denied the allegations. They stated, “In response to the specific question about White Hat Junior, we have no plans to shut it down. We’re simply improving its organic and efficient growth. We remain steadfast in our commitment to providing world-class educational experiences and solutions that enable students to reach their full potential.”

They went on to say, “At the group level, BYJU’S is constantly evaluating and optimizing its business operations in order to achieve operational profitability and achieve global growth. We are continuously evaluating all of our business units to ensure that they are aligned with our path to profitability.”