The funds will be used to scale operations in the US, expand coaching infrastructure, enhance AI-driven personalisation engine and partner with cancer centres, health plans, and employers, the start-up said
The non-profit organisation filed a case against WhiteHat Jr on December 1, alleging breach of contract against the latter.
A merger of WhiteHat Jr with self would thus help the company in reducing its overall burn, which will be critical considering its impending cash needs
Tripathi joined WhiteHat Junior in April of last year. She was the Managing Director at KKR Capstone before joining WhiteHat Junior. A McKinsey alumni, Tripathi also served as the Chief Strategy Officer of Myntra for almost four years.
Unacademy will make a one-time investment into CodeChef and the company, with effect from April 1, will be an independent company owned and run by the current team.
"Treating an employee with such disrespect is extremely unethical," Rajshree Dhar, a content developer with Byju's, said. Thursday is her last working day at the company.
Byju's has laid off full-time and contractual employees from Toppr, WhiteHat Jr, and its core team across sales and marketing, operations, content and design teams
Sources have also told Moneycontrol that employees from the sales and marketing team are largely impacted by this round of layoffs.
Over 800 WhiteHat Jr employees have resigned from the edtech start-up after being asked to return to office.
Karan Bajaj leaves WhiteHat Jr a year after the controversial company was acquired by Byju's in a landmark $350 million all-cash deal.
Last year, the Byju’s-owned startup accused software engineer Poonia of infringing trademarks and copyright of properties owned by WhiteHat Jr. Poonia’s social handle was WhiteHat Sr.
The Advertising Standards Council of India (ASCI) asked WhiteHat Jr in October to withdraw five advertisements due to misleading claims
According to a reasearcher, personal data of over 2.8 lakh students, including names of their parents, was lying exposed due to a vulnerability on WhiteHat Jr server-side, which, the company says, has been fixed
Abhishek Maheshwari joined Byju's in July 2019, prior to which he was the India head of the Walt Disney Company.
Aniruddha Malpani tweeted that the Bjyu's-owned WhiteHat Jr has filed a lawsuit of Rs 14 crore against him.
The case has been adjourned to January 6, 2021 and Poonia has been given three weeks to file a reply and two weeks for a rejoinder
The Annual Revenue Run rate is a much-abused metric and doesn’t give a correct picture of a company’s prospects or financial health, say industry insiders.
Karan Bajaj wears many hats — he is an author of four books, was a consultant and taught yoga. How did he manage to sell his startup, still not two years old, to India’s second largest startup in an all-cash deal?
Byju’s is currently the second-highest valued startup in India after payments firm Paytm. In June, it raised an undisclosed amount from US-based BOND Capital at a valuation of USD 10.5 billion.
WhiteHat Jr is India’s second largest ed-tech company at a revenue run rate of $150 Million.