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Byju’s To Shut Down Coding Platform Whitehat Jr

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Byju's is considering shutting down its coding platform WhiteHat Jr.

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The edtech firm is looking to cut expenses and eliminate non-profitable business units.

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Byju's is India's most valuable startup at a valuation of $22 billion.

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WhiteHat Jr was acquired by Byju's in 2020 for an enterprise value of $300 million.

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The payout for the acquisition was tied to future growth metrics, so Byju's eventually spent less than $235 million on the deal.

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Byju's has not yet made a final decision about the potential shutdown of WhiteHat Jr.

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The coding platform was costing Byju's about $14 million a month.

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WhiteHat Jr has drawn criticism for its misleading claims, quality of teaching, and aggressive tactics to court students.

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The founder of WhiteHat Jr, Karan Bajaj, left Byju's a year after the acquisition and is now exploring raising funding for his new startup.

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Byju's has been addressing criticisms by changing its sales practices and introducing affordability tests before signing up students.

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