Byju Subsidiary Whitehat Sued In CA Court Over Payment
SAN FRANCISCO, CA (IANS) – The US educational non-profit organization Code.org has sued Byju’s subsidiary Whitehat Jr here, over failing to pay its dues.
In the lawsuit filed in a California district court, Code.org alleged that WhiteHat Jr, which Byju acquired for $300 million in 2020, continued to use its coding education platform but did not pay the remaining fee as part of a licensing contract, reports TechCrunch.
According to the lawsuit, WhiteHat Jr paid its 2022 licensing fee but then informed Code.org that it would be unable to make the remaining scheduled payments under the $4 million, four-year deal.
Byju’s has yet to comment on the report or the lawsuit. The company is founded by Indian entrepreneur, investor and educator Byju Raveendran and his wife Divya Gokulnath.
Byju’s paid $300 million in cash to acquire WhiteHat Jr in August 2020. Karan Bajaj, the founder of WhiteHat Jr, then received one of the largest exits in India’s startup ecosystem because of the transaction.
Meanwhile, Byju’s was planning to rebrand coding platform WhiteHat Jr as ‘Byju’s Future School’ with an expanded offline presence, reports claimed in September.
Earlier, TechCrunch had reported that the Bengaluru-headquartered firm was in discussions to shut down Whitehat Jr.