BYJU'S acquired Aakash Education for around $950 million (Rs 7,100 crore) in April 2021. Since the acquisition, Aakash has clocked a three-fold jump in revenue in the last two years.
A total of 63 companies raised nearly Rs 1.19 lakh crore through IPOs this year. The record funding for companies comes despite weak market sentiment arising from the nationwide Covid-19 lockdown in the first half of the calendar year.
In an interview with Business Today, Byju's founder Byju Raveendran said the edtech giant's IPO is "very much on the cards", but it won't happen in 2021