On Thursday, an 18-month-old startup was acquired by BYJU’S in an all-cash deal worth $300 Mn. Even though it is a high value exit, the most interesting part about the WhiteHat Jr acquisition was the claimed $150 Mn annual revenue rate (ARR), which suggests that coding courses are indeed a goldmine for edtech startups. Founder and CEO Karan Bajaj had told Inc42 in January this year, WhiteHat Jr was growing at 30% – 40% and had clocked about $12 Mn ARR. So what happened in the past five months, that took the revenue run rate from $12 Mn to $150... This is an Inc42+ Member Exclusive story. Read this story on Inc42.Author: Yatti Soni
Source : https://inc42.com/features/untangling-whitehat-jrs-150-mn-arr-is-coding-edtechs-new-holy-grail/
Date : 2020-08-09T08:25:39.000Z