It is expected to be a $1 billion deal.
13 Jan, 2021 - 09:06 AM IST | By indiantelevision.com Team
New Delhi: Byju’s, India’s biggest online-education startup, seems to be on an acquisition spree trying to create its dominance in the education market. After it acquired Whitehat Jr in mid 2020 for $300 million, the online ed-tech startup is now all set to acquire Aakash Education, as per media reports.
The online edtech startup is said to have signed an acquisition deal to acquire brick and mortar test preparation leader Aakash Educational Services for $1 billion.
The deal is expected to be one of the largest edtech acquisitions in the world and is expected to close in the next two or three months.