3 reasons why Byju's-Whitehat Jr is an unprecedented deal & as close to Silicon Valley exit as it gets 1) Of the $300 mn, estimates suggest $120-150 mn will go the founder since ownership is pegged between 40-50%. This is because startup is just 20 month old, raised only $11 mn Tweet added by Madhav Chanchani @madhavchanchani

Madhav Chanchani

4 years

3 reasons why Byju's-Whitehat Jr is an unprecedented deal & as close to Silicon Valley exit as it gets 1) Of the $300 mn, estimates suggest $120-150 mn will go the founder since ownership is pegged between 40-50%. This is because startup is just 20 month old, raised only $11 mn

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Madhav Chanchani

@madhavchanchani

4 years

2) It's a cash deal! Till now large M&A deals between startups in India have been all or majority stock transactions, given all cos highly unprofitable. Byju's eked out a profit in FY19 of Rs 20 crore, which means it doesn't need external capital it has raised to fund ops

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Madhav Chanchani

@madhavchanchani

4 years

3) Building global revenue base - WhiteHat gets majority of its $150 MN ARR from US. Byju's has been getting over 10% of its revenues from US. Deal will further increase that base. While several Indian consumer startups have gone overseas, none have made revenues at scale yet

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Yogesh

@YogeshShende

4 years

@madhavchanchani Where can I find the newsfeed of this deal?

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Amol Kapoor

@amolekapoor

4 years

@madhavchanchani It feels, the intention was to get sold. Market it, show it, get Sold. Who knows how was the product. #whitehatjr

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