BYJU’S completes merging and acquisition of Aakash Educational Services
A strategic merger through a stock-cash deal worth $1 billion
Aakash Educational Services Ltd (AESL) is a test prep service provider
BYJU’S says the merger will provide better offline and online learning
BYJU’S will make further investments to accelerate Aakash’s growth
Aakash runs more than 215 training centres in 130 cities
This acquisition will strengthen the presence of BYJU’S in the competitive exams arena
Aakash Educational Services will continue to operate independently after the acquisition
J.C. Chaudhry and Aakash Chaudhry will continue to lead Aakash
Post this, the founders of AESL became board members of the BYJU’S
Before the acquisition, BYJU’S had raised $ 460 million in Series F funding
Private equity firm Blackstone had acquired a 37.5% stake in Aakash in 2019
