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#552 by ARRChinahetao101.com ↗

Pipa Coding

Online kids' coding education (Scratch, Python, C++) for ages 4–12 in China, sold direct to parents through an AI-plus-teacher dual-teacher model.

ARR
$250M revenue (est.)
as of Oct 2026
Employees
2.5K
as of Oct 2026
Valuation
$1.2B
4.8× ARR
ARR / employee
$100K
revenue efficiency
About Pipa Coding

Pipa Coding (formerly Walnut Coding/ , operated by Beijing Smart Walnut Education Technology Co., Ltd.) sells online programming courses to children aged 4–12 and their parents. It uses an "AI dual-teacher" model that combines recorded or AI-driven lessons with live tutors. It also has a self-developed graphical creation tool called NUTS. It was founded in 2017 and raised a $200M Series C in March 2021, led by KKR, Vision+ Capital and GL Ventures. Total funding is about $268M (Crunchbase/CB Insights) and its last round was in 2021. It was named a Beijing unicorn enterprise in 2024.

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