Edtech firm Byju’s is in early talks with private equity firms, particularly Bain Capital and KKR, about a potential sale of a controlling stake in Aakash Educational Services. This discussion comes after earlier reports hinting at Aakash Chaudhry’s possible return as CEO. Byju’s is said to be targeting a valuation of Rs 7,000 to 8,000 crore for Aakash, aligning with its initial acquisition cost.
Advertisements Edtech giant Byju’s is in talks with bankers to publicly list its offline coaching unit Aakash Educational Service according to the media reports. The listing might take place at the beginning of 2023. Aakash is a wholly-owned subsidiary of… Read More ›
Advertisements Think and Learn, the parent company of edtech unicorn Byju’s, has raised Rs 300 crore through a collateral-free loan from its wholly-owned subsidiary Aakash Educational Services, at a time when the company is restructuring its operations in order to… Read More ›