Code.org alleged that WhiteHat Jr continue use of its coding platform, but as part of a licensing agreement, the remaining fee was not paid
America's educational non-profit organisation Code.org has filed a lawsuit in America against WhiteHat Jr., a subsidiary of India's leading edtech Byju's, over outstanding payments.
In a lawsuit filed in a California district court, Code.org alleged that WhiteHat Jr., which was acquired by Byju's for $300 million in 2020, continued to use its coding education platform, but as part of a licensing agreement, the remaining fee was not paid, as per a report by Techcrunch.
According to the lawsuit, WhiteHat Jr. paid his 2022 license fee. But then informed Code.org that it would be unable to make the remaining $4 million scheduled payments under the four-year deal, the report added.
Byju's has not yet commented on the report or the lawsuit.
Byju's paid $300 million in cash to acquire WhiteHat Jr. in August 2020.
WhiteHat Jr. founder Karan Bajaj received one of the largest exits in India's start-up ecosystem as a result of the transaction.
Meanwhile, Byju's was planning to rebrand coding platform WhiteHat Jr as Byju's Future School with an expanded offline presence report claimed in September.
During the AGM, Byju's investors advised Byju Raveendran that for the company's support, it's crucial to communicate internal developments transparently to shareholders
Byju Raveendran emphasised the urgent need for cash infusion, noting that businesses like Aakash and Epic are profitable, while Great Learning is at a break-even stage
As per the sources, Byju Raveendran has recently raised money by mortgaging home and real estate assets owned by family members to pay salaries
