Karan Bajaj, Founder and CEO of WhiteHat Jr, Leaves Company One Year Later sell the startup for $ 300 million to Indian edtech giant Byju’s.
In an email to employees on Wednesday, Bajaj and Byju founder and chief executive Byju Raveendran said the departure followed a “mutually agreed upon” decision made when acquiring WhiteHat Jr.
Discussions about Bajaj’s departure from the company have been circulating for more than a quarter. TechCrunch asked Byju in early April if Bajaj was going to leave the company, a detail India’s most valuable startup dismissed as bogus at the time.
A few days later, Byju announced that he was rename its international company as the future school of Byju and Bajaj as its leader.
In today’s email, Raveendran said: “While I wish he had stayed longer, Karan is a force of nature and used to making unconventional choices, as you know all, and I wish him all the best for what will surely be an exciting road ahead.
Raveendran said Trupti Mukker, who previously oversaw customer experience at WhiteHat Jr, will now lead WhiteHat Jr.
WhiteHat Jr, which teaches coding, math and science to children in several markets including India, Australia and the United States, is one of the fastest growing edtech startups in India. The startup has also gained attention because of its unusual step to continue criticism.
“Overall, I am really very excited for your way ahead and deeply grateful for allowing me to be a part of your life during this intense, stimulating but deeply satisfying time that we are experiencing together,” Bajaj wrote to employees. today.
Byju’s has made a series of acquisitions, including those of American company Epic, the chain of fitness coaching centers Aakash and Asian edtech Great Learning, in recent months, as the Indian edtech giant seeks to expand aggressively into new markets and expand its product offering.
In the United States, Byju now has three companies that he says would generate $ 100 million in revenue each this year, he told TechCrunch in a recent interview.
He said the startup is acquiring other businesses and helping them drive their growth and that the original founding teams continue to oversee these operations.