Byju's makes $300 million offer to acquire WhiteHat Jr

Byju’s, has made a $300 million all-cash offer to acquire smaller peer WhiteHat Jr, WhiteHat operates in the K-12 segment, teaching students to code, and helping them build commercial-ready games, animations and apps using the fundamentals of coding.

WhiteHat Jr was in talks to raise $50 million in fresh financing at a valuation of $350 million, and had held discussions with Sequoia Capital, GIC - the sovereign wealth fund of the government of Singapore, Renuka Ramnath-led Multiples Alternate Asset Management, Tiger Global Management and Steadview Capital.