Byju’s Acquires Aakash Educational Services Tutorial Chain, Deal Said to Cost Nearly $1 Billion
“This partnership will further accelerate Aakash’s growth and success,” said CEO Byju Raveendran. By Jagmeet Singh | Updated: 5 April 2021 15:53 IST
Photo Credit: YouTube/ BYJU S
Byju’s is preparing to grow further by acquiring Aakash Educational Services
Highlights
The deal was first reported in January
Byju’s is set to leverage Aakash’s test-prep offerings through merger
Byju s, the Indian edutech giant that has a userbase of over 80 million students, on Monday announced that it has acquired brick-and-mortar educational institution chain Aakash Educational Services through a strategic merger. The deal would help the Bengaluru-based entity to bring Aakash s test-prep expertise to its content and tech capabilities, to further bolster its online education model in the country. It is also likely to give New Delhi-based Aakash the abilit
Why Itâs Time To Go The Whole Hog On Online Degrees
by M Saravanan - Apr 4, 2021 12:19 PM
Online education
Snapshot
The entry of e-commerce giant Amazon into Indian academia provides a few policy takeaways that go beyond the school education sector and well into the higher education space.
They are discussed as follows.
Two things have grown by leaps and bounds in the last one year: coronavirus and online education.
EduTech has not just got well entrenched but has also sneaked into the nooks and corners of the world.
India too has seen the silent and unplanned transformation in the way virtual classrooms and examinations have been held successfully, given the enormity of the pandemic and the consequent tribulations.
Jungle Ventures invests in Leap to tap into Asia’s edtech market
Total capital raised by the startup stands at $22.5 million. Photo: Mint
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Bengaluru: Overseas education platform Leap on Tuesday said it has raised close to $17 million as part of a Series B funding round led by Singapore-based Jungle Ventures, with participation from Sequoia Capital India and edtech-focused Owl Ventures.
This comes less than a year after Leap raised $5.5 million led by Sequoia, taking the total capital raised by the startup to $22.5 million.
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