A merger of WhiteHat Jr with self would thus help the company in reducing its overall burn, which will be critical considering its impending cash needs
BYJU S, once the most-valued edtech firm in the world valued at $22 billion, is now battling serious funding issues, a corporate governance crisis, and court battles. How did the company reach this point, read here to understand.
In the last one year, over a dozen Indian startups—from Byju s to HealthifyMe—have been on an acquihiring spree to not only fill a market gap but also add to their existing talent.
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BYJU S to acquire Aakash Educational Services in $1B deal
BYJU S, the world s leading ed-tech company has announced its strategic partnership with Aakash Educational Services Limited (AESL). According to sources, the deal is worth close to USD 1 billion (about 7,300 crores) making it the biggest acquisition by Byju s to date.Â
Founder and CEO Byju Raveendran said the union will bring together the best of offline and online learning. I am happy to have Aakash Educational Services Limited (AESL), a market leader and the most trusted name in the test prep services, onboard with us. Our complementary strengths will enable us to build capabilities, create engaging and personalized learning programs. The future of learning is hybrid and this union will bring together the best of offline and online learning, as we combine our expertise to create impactful experiences for students,â he said.Â
Here s why BYJU’S may want to spend a billion dollars on physical coaching centres
Here s why BYJU’S may want to spend a billion dollars on physical coaching centres
Sanchita DashJan 13, 2021, 16:21 IST
BCCL
BYJU’S is reportedly set to acquire the brick and mortar preparatory services institute Aakash Educational Services for a whopping $1 billion.
If the deal goes through, it will become one of the biggest edtech deals in the world.
Interestingly, Aakash Educational Services in November 2020 had appointed Abhishek Maheshwari as Chief Executive Officer (CEO) of the company. Maheshwari was earlier the President of International Business for BYJU’S.India’s edtech unicorn BYJU’S is reportedly set to acquire the brick and mortar preparatory services institute Aakash Educational Services for a whopping $1 billion. If the deal goes through, it will become one of the biggest edtech deals in the world.