News > Byju's to pay $1 billion for Blackstone-backed Aakash Educational Services
Byju's to pay $1 billion for Blackstone-backed Aakash Educational Services
Business Standard | 13/01/2021 09:19 AM | Click to read full article
India’s biggest online-education startup Byju’s has signed a deal to acquire brick and mortar test prep leader Aakash Educational Services Ltd. for $1 billion,. The deal will be one of the largest edtech acquisitions in the world and is set to close in the next two or three months.
Bangalore-headquartered Byju’s is valued at $12 billion and has been on a fundraising spree as the pandemic has sent the demand for its online lessons soaring.
