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Very recently this startup WhiteHat Jr. was acquired for $300M by another EdTech startup Byju (valuation: $11B!). Byju is known to be very aggressive in sales
by achow 6y ago
Very recently this startup WhiteHat Jr. was acquired for $300M by another EdTech startup Byju (valuation: $11B!).
Byju is known to be very aggressive in sales and marketing.. and they have been controversial.
https://www.moneylife.in/article/criticism-of-top-marketing-spender-byjus-leads-to-linkedin-deleting-dr-aniruddha-malpanis-account/61028.html https://www.moneylife.in/article/criticism-of-top-marketing-...
- hawkoy 6y agoHow does byjus have that valuation? That seems a little too much. Is there something shody going on here? Their financial report says they are profitable since last year. This probably explains it a little: https://www.reddit.com/r/IndiaInvestments/comments/ifjh95/how_is_byjus_able_to_generate_a_revenue_of_72m_in https://www.reddit.com/r/IndiaInvestments/comments/ifjh95/ho...
- darkhorse13 6y agoNote that Byju's reported revenue in 2019 was $78M, so we are looking at a multiplier of around 140! Probably nothing shady though, just VCs being VCs, hoping to unload this on the public through an IPO, make their money and get out.