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Home / News / Business News / BYJU's acquires Aakash Educational Services for $1 billion
  • Business

    BYJU's acquires Aakash Educational Services for $1 billion

    Abid Iqbal Shaik
    Written by
    Abid Iqbal Shaik
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    Last updated on Apr 06, 2021, 12:01 am
    BYJU's acquires Aakash Educational Services for $1 billion
  • Popular online teaching platform BYJU's announced on Monday that it has acquired Aakash Educational Services Limited, a chain of physical coaching centres in the country, for nearly $1 billion.

    The online education firm paid $600 million in cash and the rest in stocks to acquire the offline teaching mammoth. This is one of the largest deals in the ed-tech space.

  • In this article
    Aakash is one of India's largest offline tutorial companies The BYJU's-Aakash collaboration will be India's largest omnichannel student hub Future of education will exist online and offline, Byju Raveendran Byju's is growing at a rapid pace
  • Network

    Aakash is one of India's largest offline tutorial companies

    Aakash is one of India's largest offline tutorial companies
  • Established in 1998, Aakash has more than 200 physical coaching centres in India serving over 2,50,000 high school students in the country.

    Backed by Blackstone, Aakash provides test preparation services to students appearing for engineering and medical entrance exams.

    According to executives at Aakash, the shift to online studies caused by the pandemic had led it to explore a deal with BYJU's.

  • Building blocks

    The BYJU's-Aakash collaboration will be India's largest omnichannel student hub

    The BYJU's-Aakash collaboration will be India's largest omnichannel student hub
  • Aakash Chaudhry, Managing Director of Aakash Educational, said that the acquisition will enable the two companies to build the largest omnichannel student learning hub in India.

    He suggested that the offline presence of Aakash and the online approach of BYJU's will offer students a flexible way of learning.

    According to some reports, Aakash will be led by the current administration even after the acquisition.

  • Diverse scope

    Future of education will exist online and offline, Byju Raveendran

    Future of education will exist online and offline, Byju Raveendran
  • BYJU's co-founder, Byju Raveendran, said that the future of education will "blend offline and online".

    According to him, an online-only model for a few of BYJU's offerings such as its test preparation services is still years away. This is where BYJU's will use Aakash's offline network.

    The deal is also focused on expanding the reach of BYJU's and Aakash to smaller towns and cities.

  • Future growth

    Byju's is growing at a rapid pace

    Byju's is growing at a rapid pace
  • With a valuation of about $13 billion, BYJU's is currently the most valuable private internet company in India.

    The online ed-tech firm has recently acquired popular online teaching platforms such as Osmo (for $120 million) and WhiteHat Jr (for $300 million).

    It is also in talks to raise over $600 million in a new financing round that will value the company at $15 billion.

  • Aakash Institute
  • Byju Raveendran
  • Byjus
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