- Led by Nexus Venture Partners and Omidyar Network India. Owl Ventures, a Silicon Valley-based leading EdTech VC fund, joins in
- Sees rapid traction with 150,000+ student trials in only 6 months of launch
- First-of-a-kind live global model teaching kids the fundamentals of coding to build commercial-ready games, animations and apps online
MUMBAI, Sept. 10, 2019 /PRNewswire/ – EdTech startup WhiteHat Jr. today announced raising $10 million funding in Series A from existing investors Nexus Venture Partners and Omidyar Network India. Owl Ventures, a Silicon Valley-based EdTech focused venture capital fund, joined in backing the startup. Founded by Karan Bajaj, former Discovery Networks CEO and bestselling novelist, to pursue his dream of making a difference in global education, WhiteHat Jr. helps kids 6 to 14 build commercial-ready games, animations, and apps online using the fundamentals of coding. The company started in November 2018, had earlier raised $1.3 Mn in seed funding from Nexus Venture Partners and Omidyar Network India.
WhiteHat Jr. has developed their own original coding curriculum, which is centered on product creation, and imparts their lessons via 1:1 live, interactive online classes. The new funds will be used to strengthen their technology platform, expand the course curriculum as well as increase consumer awareness.
Over the past few months, WhiteHat Jr.’s online platform has seen over 150,000 student trials, over 500 teachers onboarded and 100% month-on-month student and revenue growth. The company conducts 1,000 online classes per day and has experienced resounding demand with all capacity regularly booked within an hour of being announced and maintaining a daily waitlist of 500 students.
Commenting on the development, WhiteHat Jr.’s CEO, Karan Bajaj said, “Our mission is to harness the natural creativity of kids and shift their mindset from an early age - from being consumers to creators of technology. It’s been heartening to see the projects of kids in the first 6 months of launch as they’re creating immensely creative, high utility digital applications that are bound to have a long-term impact.”