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Byju’s to acquire Aakash Educational Services in a deal worth $1bn

Jan 13, 2021 10:55 IST

India’s biggest online-education startup Byju’s has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd. for $1 billion. According to the reports, the deal for what will be one of the largest edtech acquisitions in the world should close in the next two or three months. Bangalore-headquartered Byju’s is valued at $12 billion and has been on a fund-raising spree as the pandemic has sent demand for its online lessons soaring.

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