InvestorQ : Has Byju’s completed the acquisition of Akash Education and what are the synergies?
Rashi Mehra made post

Has Byju’s completed the acquisition of Akash Education and what are the synergies?

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Archita Jajjoo answered.
2 months ago
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Byjus is currently India’s second most valuable start-up after Paytm and is the most valuable education portal with an indicative valuation of around $15 billion. It has now finally closed the acquisition deal for Aakash Educational Services for a total consideration of $1 billion. Akash Education is a leader in test-preparation services with a 33-year pedigree in India.

The deal was consummated with a mix of cash and stock payments. Byjus is now betting heavily on the hybrid education model after it made the best of the lockdown period. The purchase of Aakash will help Byjus combine the best of offline and online learning offerings. Byjus brings content and tech capabilities to the table while Aakash brings pedagogy expertise in the test-prep segment. This is the biggest deal in online education space.

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