Byju’s announce that it has acquired Aakash Educational Services through a strategic merger.
This deal help Aakash’s test-prep expertise to its content and tech capabilities that will help its online education model.
Aakash already has over 215 centres across India that students in preparing for medical and engineering entrance exams.
Byju’s is not likely to bring any changes to the existing core business of Aakash through its acquisition.
This deal will also help Byju’s to introduce new verticals, subjects, and languages to its online platform.
What are the terms of the deal?
- Aakash will continue to function independently after the transaction completes.
- Founders JC Chaudhry and Aakash Chaudhry will also continue to stay with the firm.
Aakash has a huge popularity in India for its test preparatory services.
This popularity may help Byju’s to enhance its platform.
The deal also expected to allow both Aakash and Byju’s to reach smaller towns and cities in the country.
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