WhiteHat Jr Success Story
Company Profile is an initiative by ListMyStartUp to publish verified information on different startups and organizations. The content in this post has been approved by WhiteHat Jr.
Coding, as we know, is the language of computers.
The world has changed today for good and coding drove a significant part of the change. From a set of instructions to the machines called computers, coding has now turned into something familiar, a language that is similar to the other languages we can speak or write, one of our native languages.
Technology, computers, and coding sprawl along such a large and significant part of the human civilization that we simply cannot imagine us living without our dear machines.
Nowadays, we not only use coding to make the computers understand what we think but with it, we innovate, invent and demystify the world of riddles we are living in!
If coding interests you, then there is WhiteHat Jr. It simply reveres coding.
WhiteHat Jr. is an online coding platform specially designed for kids between the age group of 6 to 14 years. The company also extends numerous trials for its students for free app design. With WhiteHat Jr, kids can now sit back at their homes comfortably and learn from the demo classes. WhiteHat Jr was acquired by Byju's in August of 2020, but even after that, the company has been operating as an independent entity.
Let's go through the WhiteHat Jr. success story and know about the Whitehatjr, its founders, Whitehat Jr fees, competitors, revenue, business model, funding & more here in this article.
WhiteHat Jr - Company Highlights
- Company Name-WhiteHat Jr
- Headquarters-Andheri, Mumbai, Maharashtra, India
- Sector-EdTech
- Founder-Karan Bajaj
- Founded-2018
- Total Funding-$387.3 million
- Revenue-$63.39 million (INR 483.9 crore in FY21)
- Parent Organization-BYJU'S
- Website-whitehatjr.com
WhiteHat Jr - About
WhiteHat Jr is the leading computer programming learning website for kids to code. It is a platform that connects kids with the top coding teachers. The fundamentals of coding reasoning, algorithmic and structure thinking are taught to the kids for creative outputs at WhiteHat Jr.
WhiteHat Jr - Startup Story
Though WhiteHat Jr was there as a company it got known to almost all of us when its present parent company, BYJU'S acquired it for $300 million in an all-cash deal on August 5, 2020.
Moving to the startup story of the brand, WhiteHat Jr. Founder and Former CEO, Karan Bajaj, traced the foundation of WhiteHat Jr. to one of his deeply personal experiences with which he wanted to bring a change to the world.
Bajaj was a father of two daughters back then, and he felt that technology, truly, is bringing paradigm shifts in every possible industry, and therefore, his daughters also need to rein in the power of technology to absorb the upcoming shifts in their workplaces and their lives. Therefore, he wanted his daughters to be always at the centre of creating technology and coding. Besides, he also went through research that claim that if kids are used to coding from an early age, they tend more experimentative and creative. All of these factors worked at the back of Bajaj's mind and propelled him to create an organization that will act as an institution for coding for children and adults.
Karan had MIT and TUFTS in his mind but founding one such organization was certainly difficult, with his passion and dedication, he finally founded WhiteHat Jr in 2018
This company was founded in 2018 by the former Discovery Networks CEO (Karan Bajaj). This platform was planned to empower children. When Karan approached the investors to raise funding for his brand, they were surprised as he was pitching without a working product. Then, he explained to them that the investment thesis had already changed since 2015.
WhiteHat Jr - Mission and Vision
The mission and vision of WhiteHat Jr are to "empower a whole generation to become creators versus consumers of technology."
WhiteHat Jr - Founder And Team
Karan Bajaj is the founder of the company WhiteHat Jr. and had also been the CEO of the company before announcing his resignation on August 4, 2021. He also led Byju's Future School, a key element of the company's international expansion for a year, after WhiteHat Jr. was acquired by the Edtech giant, Byju's on August 5, 2020. Bajaj had served as the CEO of Discovery Networks India before he stepped down in 2018 to fully focus on WhiteHat Jr., which he founded in the same year.
Aside from his professional career associated with his company, he is also a renowned Indian author, whose first two novels, Keep Off the Grass (2008) and Johnny Gone Down (2010), have been best-sellers.
Bajaj initially got a BE degree in Mechanical Engineering from The Birla Institute of Technology, Mesra and then went on to pursue an MBA in Marketing from The Indian Institute of Management(IIM), Bangalore. He started off his corporate career with The Procter and Gamble Company, where he served as an Assistant Brand Manager. He assumed various leading positions in a range of distinguished companies including Ariel India, Herbal Essences, Kraft Foods, Boston Consulting Group, and more before he founded WhiteHat Jr. in 2018.
Karan Bajaj was born in 1979 in Shimla, Himachal Pradesh, and spent various stages of his childhood in different places, owing to his father's transferable job. Karan Bajaj
Karan Bajaj quit WhiteHat Jr. on August 4, 2021. The founder and CEO of WhiteHat Jr., has made way for Trupti Mukker to take his position. Trupti had served successfully as the head of the customer experience and delivery in BYJU'S and is declared the CEO of the company.
After the acquisition of WhiteHat Jr. by Byju's in 2020, Bajaj continued to be the CEO of the company and resigned exactly after 1 year.
The company founder and ex-CEO Karan Bajaj previously mentioned that the company had 400 employees and 1,500 teachers in 2020 and disclosed the company's plans to double its employees and teachers.
WhiteHat Jr - Name, Tagline and Logo
"Your Own Personal Teacher Live, Online Classes" is the tagline of the company.
WhiteHat Jr - Business Model
The business model of the company is particularly based on teaching coding to young kids. The Edtech startup has now extended the students' grades and is now accepting students from grades 1st to 12th grade. The company targets children and guardians to offer various programming courses for a better future in this digital environment. The teaching format of WhiteHat Jr. is live 1:1 online classes. Furthermore, the company also offers free trial classes.
WhiteHat Jr - Revenue Model
WhiteHat Jr's portal has got more than 700,000 registrations and around 7000 classes are conducted daily routine for kids. Each class conducted costs around INR 600 to 700. There are different course levels, which are priced at Rs 5,999, Rs 29,999, Rs 89,999 and many more. The student resurrection rate for the paid classes is around 75%. Suddenly, the refund fee has become 3% which is very low for an Indian Edtech company.
WhiteHat Jr - Growth and Revenue
Before the lockdown began, WhiteHat Jr. went from Rs 1 crore to Rs 10 crores in revenue. Since the lockdown, the value started doubling. When BYJU's approached in June, the revenue of the company was running at $75 million. The revenue run rate was reported at $150 million as soon as the acquisition was completed. Then, in August, the first month after the acquisition, the rate was again reported to be $220 million. The revenue of the company has surely seen quite a growth over the years. The company had listed revenue of INR 19 crore from its operations in FY20, which stood at only INR 6.7 lakh in FY19.
Byju's had owned WhiteHat Jr. in a deal worth $300 mn in August 2020, which made FY21 a special year for WhiteHat Jr. Apart from the Byju's acquisition of WhiteHat, the startup also witnessed a surge in its revenue under the ed-tech juggernaut.
WhiteHat Jr. Revenue Breakdown
The revenue from operations in FY21 was recorded to have surged by 25.5X to be INR 483.9 crore. Around 99% of its revenue came from the course fee it charges from the students, which increased 25X from INR 478.3 crore during FY21 from INR 19 crore in the previous fiscal. Apart from that, WhiteHat Jr. obtained INR 3.36 cr in revenue from the sale of goods or course materials that it offers students whereas another INR 2.27 cr in income was received from other operating revenues. Also, WhiteHat Jr. received INR 74 lakh as interest income.
WhiteHat Jr - Partnerships
WhiteHat Jr has witnessed a number of partnerships throughout the years of its existence. Here's a review of some of the most noteworthy collaborations of the company:
WhiteHat Jr. partnered with software giant Microsoft to offer a "Code with Minecraft" course for the students on December 23, 2021. This association of Microsoft and WhiteHat will ensure that the students master important coding concepts with the help of a highly curated curriculum based on Minecraft.
WhiteHat Jr. collaborated with FutureSkills Prime, which is a combined initiative for digital skilling of students by Nasscom and the Electronics and IT Ministry on September 2, 2021.
The company, in partnership with 500+ schools, declared on 3rd August 2021, that it would extend the coding curriculum to the students, the number of whom are expected to be around more than 1.25 lakh.
WhiteHat Jr - Advertisements and Campaigns
WhiteHat Jr has been quite infamous in terms of the advertisements it has encouraged all the while since it came into being. The advertisements of the Byju's-owned startup were allegedly based on imaginary kids and their unreal geniuses after they attain WhiteHat Junior's academic programs. For example, in one of its advertisements, a 7-year-old has been projected as an app developer and a TedX speaker. This has largely been condemned by all including the ASCI, who had processed around 15 ads from WhiteHat Jr and has identified that 5 of these ads are in potential violation of the ASCI Code, which eventually led to the pulling off of such ads.
Furthermore,there also have been numerous aggressive claims of Whithat Jr via its social media platform. However, when they came on the radar of ASCI, they were already very old and most of them were already taken off. However, ever since BYJU'S acquired WhiteHat Jr, Byju Raveendran himself has ensured that the advertisement and the messaging of the brand would be proper and would address the mass as well as the kids properly.
Refreshing its promotional efforts, Whitehat Jr. has seen to be concentrating on the real kids and the real apps they are capable of building. The campaigns that WhiteHat Jr launched under #RealKidsOfWHJr and #YoungAchieversOfWHJr focused on the real-world applications of coding featured by real kids. The coding platform that was acquired by Edech giant Byju's also demonstrated a change in its social media activities, where Whitehat Jr now started posting the feats of real children. Furthermore, Whitehat Junior also collaborated with multiple celebrities including Hrithik Roshan, Mahesh Babu and R Madhavan after its Coding Seekho Duniya Badlo campaign went live on TV in the first week of November 2020.
The latest advertisement that Whitehat Junior launched featured Hrithik Roshan. Promoted as #PickItUp, the popular Bollywood actor was seen picking up the guitar. This Whitehat Jr ad is designed to wipe off the notion that age is a bar along with encouraging the students and others to choose music classes from Whitehat Jr and make music.
WhiteHat Jr - Challenges and Controversies
WhiteHat Jr has seen its fair share of challenges since it was founded, which were associated with the scaling and growth of the company. WhiteHat Jr came under the radar of the Advertising Standard Council of India (ASCI) after the startup made false claims of imaginary kids who learned coding from WhiteHat Jr and landed jobs at Google and other organizations, became TedX speakers, and more. WhiteHat Jr also sued Pradeep Poonia, who shared posts against Whitehatjr.
Pradeep Poonia Defamation Case
Pradeep Poonia claimed that WhiteHat Jr.'s advertisements are all false and based on imaginary characters like Wolf Gupta, who the company has shown landing a job at Google after learning to code from the Karan Bajaj-led startup then. Poonia also referred to the startup's instructors as "uneducated" and "housewives". Though the company later had to remove the advertisements involving Wolf, WhiteHat Jr. filed a defamation case worth Rs 20 crore against Poonia's statements and later withdrew the same. In the last court hearing, the court prevented Pradeep Poonia from:
- Telecasting and transmitting any information received by hacking the servers of WhiteHat Jr.
- Helping others take down the content of WhiteHat Jr.
- Using his social media handle WhiteHat Sr. on Youtube
- Using the URLs using the name "WhiteHat"
- Keeping the tweets posted on September 12, 2020, that contains defamatory comments on WhiteHat Jr.
- Keeping the tweets posted on September 5, 2020, where Poonia has called WhiteHat Jr.'s business a "pyramid scheme" and other tweets he shared in September and October of 2020
- In another case, the company also filed a defamation suit against Dr Aniruddha Malpani. All of these had already cost the company much in terms of its revenue and reputation.
Employees' Resignation
More than 800 employees dropped their resignation letters in around 60 days' time after the company asked them to join work from the office within a month. Employees from across teams including the coding, sales and math department resigned from the office after being asked to join offices from their respective locations. On March 18, 2022, WhiteHat Jr. sent an email informing them to join their offices within April 18, 2022, which is why the employees have voluntarily put down their papers. Employees termed this decision of the company as a cost-cutting exercise.
Yes, it surely can be a method of cutting costs where we have already seen the bad market conditions that the ed-tech companies are dealing with. Unacademy and Vedantu, two other unicorns from the ed-tech space together have already laid off close to 1200 employees. Lido Learning is another ed-tech company that has laid off around 150 employees recently.
WhiteHat Jr. Layoffs
Byju's-owned WhiteHat Jr. has laid off somewhere close to 300 employees in its recent batch of layoffs, as confirmed on June 29, 2022. The layoff exercise, which went through the whole of the 3rd week of June has led to the trimming of the WhiteHat Jr. workforce that was engaged in code-teaching and the sales team of WhiteHat, where some of them even worked in Brazil. The sales, operations and marketing team was mainly affected by this round of job cuts. Reports claim that the total count of laid-off employees can also go as high as 600. Business restructuring is sighted as the reason behind these layoffs. The laid-off employees were asked to submit their office laptops and IDs on the same day, as the reports went.
The edtech sector, importantly, has been hammered lately by the layoffs in the post-Covid-19 period. The Covid-19 period, however, has seen problems like the Great Resignation. Apart from the edtech companies of India and various other companies and startups laying off their employees in huge chunks fearing a funding winter in the country, many other companies, which feature among the top companies of the world, have also pronounced their layoffs in 2022.
WhiteHat Jr - Competitors
The top competitors of WhiteHat Jr are Coding Blocks, Coding with Kids and Camp K12.
Coding Blocks Pvt Ltd
It is the top #2 competitor of WhiteHat Jr. The company is headquartered in New Delhi, India. It was founded in 2014. It operates in the Educational Technology industry.
Coding with Kids
It is also one of the competitors of WhiteHat Jr. The company is headquartered in Redmond, WA. It was founded in 2013. It conducts classes and camps for kids between the age of 5 to 18.
K12
It is the top #3 competitor of WhiteHat Jr. Headquartered in the US, K12 was founded in April 2000. It is a company that offers online schooling and curricula. It is an organization that provides education designed for the people searching for it online.
WhiteHat Jr - Future Plans
The company is currently ramping up its women-only teacher base in India. Presently, the platform is having over 7000 educators and is actively recruiting teachers for all its core disciplines and music from all around the country. The company is eyeing to make its teacher-base to 20,000 shortly. The continuous ramp-up base is aiming towards matching the growing base of students across countries like India, Canada, New Zealand, Australia, and the UK.
FAQs
Who founded WhiteHat Jr?
Karan Bajaj founded WhiteHat Jr., who was also the CEO of the company before he resigned on August 4, 2021. He is an Indian author and technology entrepreneur.
What is WhiteHat Jr Business Model?
The business model of the company is on teaching coding to young kids. The Edtech startup has now extended the students grades to 12th from grade 1. The company targets children and guardians to offer various programming courses for a better future in this digital environment. The teaching format is a live 1:1 online class. It also offers free trial classes.
Who are the Top Competitors of WhiteHat Jr?
The top competitors of WhiteHat Jr are Coding Blocks, Coding with Kids, and Camp K12.
How much is WhiteHat Jr Revenue?
WhiteHat Jr. recorded a revenue of $63.39 mn in FY21.
What are Whitehat Jr fees?
The WhiteHat Jr. fees start from around Rs 6500 only and go up. The Whitehat Jr fees per month depend on the duration and the complexity of the course it offers.
What are Whitehat jr free courses?
Whitehat Jr has free/trial classes that give the students an opportunity to test the kind of classes/lectures they receive before going for WhiteHat Junior.
