Byju’s, the largest online start-up company in the education sector in the country, informed on Monday that it has acquired Aakash Educational Services Limited (AESL). Aakash has over 215 coaching centers across India that helps students in preparations for engineering and medical entrance exams. According to sources, the acquisition has been made for around $1 billion (about Rs 7,300 crores). It is Byju’s largest acquisition deal and one of the largest acquisition of education technology in the world. With this deal, the value of Byju’s has increased to about $13 billion. Byju’s CEO Byju Raveendran said, “This partnership will further accelerate Aakash’s growth and success.”
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Byju’s buys Aakash Educational Services for $1 billion dollar
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