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Byju's Acquires Aakash Educational Services Tutorial Chain, Deal Said to Cost Nearly $1 Billion

Byju’s Acquires Aakash Educational Services Tutorial Chain, Deal Said to Cost Nearly $1 Billion
“This partnership will further accelerate Aakash’s growth and success,” said CEO Byju Raveendran.
By Jagmeet Singh | Updated: 5 April 2021 15:53 IST
Photo Credit: YouTube/ BYJU S
Byju’s is preparing to grow further by acquiring Aakash Educational Services
Highlights
The deal was first reported in January
Byju’s is set to leverage Aakash’s test-prep offerings through merger
Byju s, the Indian edutech giant that has a userbase of over 80 million students, on Monday announced that it has acquired brick-and-mortar educational institution chain Aakash Educational Services through a strategic merger. The deal would help the Bengaluru-based entity to bring Aakash s test-prep expertise to its content and tech capabilities, to further bolster its online education model in the country. It is also likely to give New De ....

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We're aiming for an IPO in next 18-24 months: Byju Raveendran

We’re aiming for an IPO in next 18-24 months: Byju Raveendran
Byju Raveendran of Byju’s
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BENGALURU :
Byju’s, India’s second most valuable startup, on Monday announced the purchase of Aakash Educational Services Ltd (AESL) for about $1 billion, in what is touted to be the most expensive acquisition in the Indian edtech space. The deal also marked Byju’s focus on the Indian market for test preparations.
Byju’s has been reaping the gains of a covid-induced boom in edtech, with its valuation soaring to $13 billion recently from $8 billion in January last year. The company, which raised equity funding of $1.25 billion in 2020, could potentially overtake digital payments firm Paytm as India’s most valuable startup. Paytm is valued at around $16 billion. ....

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How digitisation and technology are shaping education in India

How digitisation and technology are shaping education in India
E-learning will shape the way for advance learning methods in edtech
With the internet penetration rate estimated to reach above 55 per cent by the end of 2025 in India, digitisation of education remains one of the topmost priorities of our government. Taking the cue, many e-learning portals have appeared and are performing well as an increasing number of learners enrol themselves for online courses the new normal post the pandemic.
Starting 2020, Indian universities and colleges, which were earlier not permitted to offer more than 20 per cent of a degree online, are now lifting the restrictions on online learning to widen access to higher education and raise the profile of Indian institutions globally. Many edtech companies have also surfaced and are offering learning management resources, including blended learning, 3D and DIY kits and AI-based experiential and interactive learning, to provide an unriv ....

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Virtual Learning Could Make In-Person School Better

Students, for their part, will likely have lost months of learning by the time they fully return to physical classrooms. Most kids yearn for social connection with their peers and teachers, and the pandemic has caused many of them to fall behind. Some lack stable internet access, and have resorted to sitting in the parking lot of their school to use the high-speed Wi-Fi needed for Zoom conferencing. Barred access to in-person schooling can put many American children at risk of going without meals or spending increased time with abusive relatives. The general public has begun to acknowledge what educational research confirms: These issues are the result of extreme inequality in the United States, chronic divestment from public education, and insufficient social safety nets. Remote learning has exacerbated the institutional harms that were already being inflicted on many families. ....

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How EdTech Is Playing a Pivotal Role in the Growing Africa's IT Industry

How EdTech Is Playing a Pivotal Role in the Growing Africa’s IT Industry
Growth in technology-based industries throughout the twenty-first century around the world has created educational needs and entire marketplaces that were never dreamed of until recent years. Information Technology (IT) as a discipline and industry is at the forefront of modern educational techniques and developments as IT skills can be taught more effectively through technologically advanced means than through traditional educational processes. As an educational philosophy and practice, educational technology (EdTech) is facilitating learning and enhanced career opportunities in places not previously accessed by IT teaching companies. ....

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