Aakash Institute to strategically merge with Byju's; Founders to turn shareholders
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New Delhi, April 5 -- EdTech Decacorn Byju's has announced its strategic partnership with Aakash Educational Services Limited (AESL). In mid-January, reports started doing rounds that Byju's would acquire AESL for $1 Billion. But when we asked Byju's spokesperson, the company declined to comment. Yet, reports suggested that the deal would come through in 2-3 months.
Now that the partbership is offical, Byju Raveendran, Founder, and CEO, Byju's said, "I am happy to have Aakash Educational Services Limited (AESL), a market leader and the most trusted name in the test prep services, on board with us. Our complementary strengths will enable us to build capabilities, create engaging and personalised learning programs. The future of learning i...
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