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consumer durables retail chain Electronics Mart Files IPO Papers With SEBI, To RaiseRs 500 Crore
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Electronics Mart India Ltd files Rs 500-cr IPO with Sebi
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People Digest: WhiteHat Jr co-founder leaves firm; Nivesh appoints chief business officer
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WhiteHat Jr founder departs a year after selling to Byju’s
Karan Bajaj, the founder and chief executive of WhiteHat Jr, is leaving the firm a year after selling the startup for $300 million to Indian edtech giant Byju’s.
In an email to employees on Wednesday, Bajaj and Byju’s founder and chief executive Byju Raveendran said the departure follows a “mutually decided” decision made at the time of acquisition of WhiteHat Jr.
Chatter about Bajaj leaving the firm has been floating around for more than a quarter. TechCrunch inquired Byju’s in early April if Bajaj was going to leave the firm, a detail India’s most valuable startup dismissed as false at the time.