Byju’s has acquired test preparation firm Aakash Institute for a nearly $1bn cash and stock deal to build one of the largest education groups in India, The institute, backed by Blackstone Group, will continue to function independently under the leadership of Founder JC Chaudhry and Aakash Chaudhry. It has over 200 brick and mortar educational centres across India and teaches aspirants of the country’s top engineering and medical schools.

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