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Welcome To IANS Live - NATION - 'BYJU'S to acquire Aakash Educational Services for Rs 7,300 cr'


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IANSLive
New Delhi, Jan 13 (IANS) Leading edtech company BYJU S is reportedly acquiring Delhi-based offline test preparatory services provider Aakash Educational Services for $ one billion (nearly Rs 7,300 crore), the media reported.
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Update: 13-January-2021 ....

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Amazon enters the test preparation market, BYJU'S is in talks for a billion dollar acquisition, and Facebook-backed Unacademy raises more funds – a big day in India's edtech


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Amazon enters the test preparation market, BYJU S is in talks for a billion dollar acquisition, and Facebook-backed Unacademy raises more funds – a big day in India s edtech
Amazon enters the test preparation market, BYJU S is in talks for a billion dollar acquisition, and Facebook-backed Unacademy raises more funds – a big day in India s edtech
Sanchita DashJan 13, 2021, 18:57 IST
BI India
India’s education sector is poised to grow from the current $117 billion to $225 billion by FY25.
And to have a piece of the pie, the biggest players are scrambling for customers, acquisitions and moolah.
Here’s how just one day in India’s ....

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Byju's in talks to buy Aakash Educational Services for $700 million


Edtech decacorn Byju’s is in talks to acquire exam preparation firm Aakash Educational Services Limited for about $700 million-$750 million, according to the sources.
“But the conversations are very early. Even the term sheet has not been signed yet,” said an industry source with direct knowledge about the matter.
If the deal is signed, it would become one of the biggest edtech acquisitions in the world.
New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India. It provides comprehensive test preparatory services for students preparing for medical and engineering entrance examinations. It also provides services related to school and board exams and competitive exams such as NTSE, KVPY, and Olympiads. ....

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