{"id":8049,"date":"2021-01-12T23:07:04","date_gmt":"2021-01-13T06:07:04","guid":{"rendered":"https:\/\/sanjhisoch.com\/english\/?p=8049"},"modified":"2021-01-12T23:07:04","modified_gmt":"2021-01-13T06:07:04","slug":"byjus-to-acquire-testprep-firm-aakash-educational-services-for-1-billion-report","status":"publish","type":"post","link":"https:\/\/sanjhisoch.com\/english\/byjus-to-acquire-testprep-firm-aakash-educational-services-for-1-billion-report\/","title":{"rendered":"Byju&#8217;s to Acquire Testprep Firm Aakash Educational Services for $1 Billion: Report"},"content":{"rendered":"<h6 class=\"jsx-4089004531\"><strong>Last year, Byju&#8217;s had raised about $200 million (about Rs 1,483 crore) in fresh funding from investors, including BlackRock and T Rowe Price.<\/strong><\/h6>\n<p id=\"0\" class=\"story_para_0\"><strong>Sanjhi Soch Beauro \u2013<\/strong>Edu-tech major Byju&#8217;s has signed a deal with test preparation company Aakash Educational Services Ltd for $1 billion, according to reports.<\/p>\n<p class=\"story_para_1\">The deal, termed as one of the largest edu-tech acquisition in the world, will likely be closed in the next two or three months, as per Bloomberg reports.<\/p>\n<p id=\"2\" class=\"story_para_2\">Byju&#8217;s is valued at $12 billion and has raised significant capital amid growing demand for online learning amid the covid-19 pandemic. The Bengaluru-based startup is backed by Facebook founder Mark Zuckerberg&#8217;s Chan Zuckerberg Initiative, Tiger Global Management and Bond Capital, co-founded by Silicon Valley investor Mary Meeker.<\/p>\n<p class=\"story_para_3\">Last year, Byju&#8217;s had raised about $200 million (about Rs 1,483 crore) in fresh funding from investors, including BlackRock and T Rowe Price. The announcement came months after Byju&#8217;s had raised about $500 million (about Rs 3,672 crore).<\/p>\n<p id=\"4\" class=\"story_para_4\">Regulatory filings by Byju&#8217;s to the Corporate Affairs Ministry in August had shown that the company has raised about Rs 909 crore in funding from billionaire Yuri Milner-led DST Global giving the entity 1.2 per cent shareholding in the edu-tech company.<\/p>\n<p id=\"5\" class=\"story_para_5\">The Byju&#8217;s app has over 70 million registered students and 4.5 million annual paid subscriptions. The company has doubled its revenue to Rs 2,800 crore in FY19-20 from Rs 1,430 crore in the previous fiscal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year, Byju&#8217;s had raised about $200 million (about Rs 1,483 crore) in fresh funding from investors, including BlackRock and T Rowe Price. Sanjhi Soch Beauro \u2013Edu-tech major Byju&#8217;s has signed a deal with test preparation company Aakash Educational Services Ltd for $1 billion, according to reports. The deal, termed as one of the largest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sanjhisoch.com\/english\/byjus-to-acquire-testprep-firm-aakash-educational-services-for-1-billion-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Byju&#039;s to Acquire Testprep Firm Aakash Educational Services for $1 Billion: Report - Sanjhi Soch Worldwide Newspaper\" \/>\n<meta property=\"og:description\" content=\"Last year, Byju&#8217;s had raised about $200 million (about Rs 1,483 crore) in fresh funding from investors, including BlackRock and T Rowe Price. Sanjhi Soch Beauro \u2013Edu-tech major Byju&#8217;s has signed a deal with test preparation company Aakash Educational Services Ltd for $1 billion, according to reports. The deal, termed as one of the largest [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sanjhisoch.com\/english\/byjus-to-acquire-testprep-firm-aakash-educational-services-for-1-billion-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Sanjhi Soch Worldwide Newspaper\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Sanjhi-Soch-Weekly-Newspaper-TV-Channel-Wake-up-call-for-the-Community-331562534227264\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-13T06:07:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sanjhisoch.com\/english\/wp-content\/uploads\/2021\/01\/1-22.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"493\" \/>\n\t<meta property=\"og:image:height\" content=\"304\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SanjhiSoch\" \/>\n<meta name=\"twitter:site\" content=\"@SanjhiSoch\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sanjhisoch.com\/english\/#website\",\"url\":\"https:\/\/sanjhisoch.com\/english\/\",\"name\":\"Sanjhi Soch Worldwide Newspaper\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/sanjhisoch.com\/english\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sanjhisoch.com\/english\/byjus-to-acquire-testprep-firm-aakash-educational-services-for-1-billion-report\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sanjhisoch.com\/english\/wp-content\/uploads\/2021\/01\/1-22.jpg\",\"width\":493,\"height\":304},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sanjhisoch.com\/english\/byjus-to-acquire-testprep-firm-aakash-educational-services-for-1-billion-report\/#webpage\",\"url\":\"https:\/\/sanjhisoch.com\/english\/byjus-to-acquire-testprep-firm-aakash-educational-services-for-1-billion-report\/\",\"name\":\"Byju's to Acquire Testprep Firm Aakash Educational Services for $1 Billion: Report - 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