Byju parent makes $300 million cash offer for WhiteHat Jr

NEW DELHI: Think and Learn, which owns and operates educational technology platform Byju’s, has made a $300 million all-cash offer to acquire smaller peer WhiteHat Jr, one week after the Bengaluru-headquartered unicorn closed a new funding round from Bond Capital, the investment firm led by storied Silicon Valley investor Mary Meeker.

The development comes at a time when WhiteHat Jr is already in the market to raise $50 million in fresh financing at a valuation of $350 million, and has held discussions with a number of notable venture capital and private equity firms, including 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, among others.