Friday, 24 March, 2023

Byju's acquires Aakash Educational Services for $1 bn

<p>India&rsquo;s biggest online-education startup Byju&rsquo;s had signed a deal to acquire brick and mortar test prep leader Aakash Educational Services for $1 billion. Blackstone Group-backed Aakash Educational Services ran Aakash Institute would swap a portion of its 37.5% equity in Aakash for Byju&rsquo;s stake. Byju&rsquo;s, which is valued at $12 bn, had been on a fund-raising spree as the pandemic demanded its online lessons.</p> <p>&nbsp;</p>