Wednesday, July 30, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Nonprofit Code.org sues Byju’s unit WhiteHat Jr over payment dues

Simon Osuji by Simon Osuji
December 26, 2023
in Creator Economy
0
Nonprofit Code.org sues Byju’s unit WhiteHat Jr over payment dues
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Code.org, the US educational non-profit, has filed a lawsuit in a California district court alleging that Byju’s subsidiary WhiteHat Jr breached a licensing contract by failing to pay fees while continuing to use Code.org’s platform.

WhiteHat Jr, which sold to Byju’s for $300 million in 2020, partnered with Code.org last year and agreed to pay $4 million over four years to licence Code.org’s coding education platform. But in the lawsuit filed earlier this month, Code.org claims WhiteHat Jr did not honour the payment schedule while continuing to leverage its coding courseware.

According to Code.org’s legal complaint, WhiteHat Jr paid its 2022 licensing fee but then informed the non-profit earlier this year that it would be unable to make the remaining scheduled payments under the four-year deal. Code.org alleges WhiteHat Jr requested the original agreement be amended to backload its outstanding license fee obligations. But Code.org’s lawyers argue the original contract makes clear that, even in the event of termination, WhiteHat Jr would not be relieved of its obligation to pay all future licensing payments still owed.

“To this day, Whitehat has failed to pay either the Q1 2023 invoice or the Q2 2023 invoice. In fact, despite repeated written and oral requests by Code.org for payment, Whitehat has not paid anything at all beyond the $1,000,000 that it paid pursuant to the 2022 invoices before the Agreement was amended,” Code.org lawyers allege.

Byju’s did not respond to a request for comment.

The lawsuit is the most recent trouble for Byju’s stemming from its acquisition of WhiteHat Jr, adding to existing issues the company has faced since the purchase. The Indian edtech giant, valued at $22 billion in a financing round early 2022, earlier this year weighed whether to wind down WhiteHat Jr, TechCrunch reported.

It also adds to the woes of Byju’s, which is facing heat for protracted delays in filing its financial accounts and governance issues. Prosus, an influential backer of Byju’s, recently wrote down the valuation of the startup to below $3 billion.

Source link

Related posts

Gen AI apps doubled their revenue, grew to 1.7B downloads in first half of 2025

Gen AI apps doubled their revenue, grew to 1.7B downloads in first half of 2025

July 30, 2025
TikTok adds new parental controls, tools for creators

TikTok adds new parental controls, tools for creators

July 30, 2025
Previous Post

A Game-Changer in AI-Powered Video Production

Next Post

Meru MCA Dennis Kiogora takes lover to India for Proposal at Taj

Next Post
Meru MCA Dennis Kiogora takes lover to India for Proposal at Taj

Meru MCA Dennis Kiogora takes lover to India for Proposal at Taj

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Nigeria Real Estate Investment Guide –

Nigeria Real Estate Investment Guide –

1 year ago
Royal Moroccan F-16s Conduct Interoperability Exercise with USAF B-52H Stratofortress

Royal Moroccan F-16s Conduct Interoperability Exercise with USAF B-52H Stratofortress

7 months ago
Far-Right Extremists Are Organizing an Armed Convoy to the Texas Border

Far-Right Extremists Are Organizing an Armed Convoy to the Texas Border

2 years ago
Exail Selects Elwave’s Sensing Technology to Equip R7 Underwater Vehicles

Exail Selects Elwave’s Sensing Technology to Equip R7 Underwater Vehicles

5 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.