Will Byjus Close Down White Hat Jr ? 🤔 #shorts #shocking #byjus #coding #education

BYJU'S, an edtech firm, has denied a media report that it was considering shutting down White Hat Jr., an edtech coding startup it acquired in 2020.

According to TechCrunch, BYJU'S had been looking to close White Hat Jr. in order to cut costs and eliminate the business division that drew significant criticism from the Bengaluru-based company.

"We have no plans to close White Hat Jr. "We are simply optimizing it for organic and efficient growth," a BYJU spokesperson told through emails.

"At the group level, in accordance with its steadfast commitment towards achieving operational profitability, BYJU'S is constantly evaluating and optimizing its business operations towards global growth.

BYJU'S previously announced a $300 million acquisition of White Hat Jr. in 2020. According to TechCrunch, it eventually spent less than $235 million on the transaction.

BYJU'S is slashing prices dramatically. Until recently, the company—which has reduced its marketing spending and laid off thousands of employees—was spending around $14 million per month on its coding platform, according to the report.

WhiteHat Jr laid off approximately 300 employees in June as part of a cost-cutting measure. WhiteHat Jr has been chastised for making false claims and employing pushy tactics when courting students. The coding platform received even more flak after suing several of its critics. It eventually dropped the lawsuit.

While the company is still figuring out the go-to-market strategy for WhiteHat Jr, said Byju Raveendran, Founder and CEO of BYJU'S, the company's other major acquisitions have been profitable.

The edtech firm has recently come under fire for questionable accounting practices and significant downsizing. YourStory reported earlier this month that BYJU'S cut over 900 more jobs across teams in a new round of layoffs.

The startup, which was last valued at $22 billion, reported a loss of Rs 4,564.38 crore in FY21, which was higher than its loss of Rs 305.5 crore in FY20.

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[aradhyagarg]

That WhatsApp last message padh ke main abhi Tak hasi🤣rok nahi pa Raha hun🤣🤣🤣

[rameshsinb]

sach mein white hat ne baccho ko pareshan kar rakha tha😂😂

[sanjaykendre]

White was like a ghost for small kids🤐🤐

[ramkaka]

you should start making long videos because your explanation skill is very engaging

[startupecosystem]

Karan Bajaj The Yogi Turned Entrepreneur 😇

[kinshukbiyani]

sab developer banana hain aur apps banane hain.... sab developers bane toh customer kon banega... sab log apne apne apps banake use 🤣

[kushalchabbra]

pata nahi white hat kaise profitable banega

[sharadpawar]

itna bada loss....phir white hat chalu hain

[Amitsingh-jzjk]

Lagta hain shopping mein sare paise udya diye byjus ne😱

[medschool]

One more edtech startup on a verge of shutting down

[angelgymnasticsacademy]

They are making fraud.... They taken 30000/- and given me 48 class. But give only 8 class and remaining they did not given. Initially they told you can take class any time as you want but at later stage they told that minimum policy there.... It's total fake

[vishalthombre]

Mere friend ne bhi us time resign Kiya tha

[Nikhilkumar-onvg]

At the age of 10 when students are learning basics mathematics and developing analytical skills why do you want them to learn coding?
Absolutely non sense.
Coding is not something like mathematics, science or language which should be taught to everyone necessarily.