Byju's to buy tutoring specialist for $1B
January 13, 2021- Share:
Indian online education company Byju's has agreed to pay $1 billion to acquire Aakash Educational Services, an operator of brick-and-mortar tutoring centers in India that's backed by Blackstone, Bloomberg reported. In November, Byju's was reportedly close to raising new funding from BlackRock and T. Rowe Price at a $12 billion valuation; its existing backers include Tiger Global, Bond Capital and General Atlantic. Blackstone has backed Aakash since 2019.
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