BYJU’S, the largest online education startup in India, has signed a major business agreement with Akash Educational Services Pvt. Ltd. It is being told that in the coming days, BYJU’S is about to make a deal of one billion dollars with Akash Educational. According to the Bloomberg report, Aakash Educational Services Pvt Ltd and BYJU’S will become one of the largest educational technology acquisitions in the world.
According to the report, one of the largest educational technology acquisition deals in the world will be completed in the next two to three months. The report indicates that BYJU’S is about to acquire Akash Educational Services Private Limited for its educational services.
Akash Educational Services, supported by Blackstone Group, runs the Akash Institute, a renowned series of its coaching institutes in the country. Which trains students for the engineering and medical entrance exam. Currently BYJU’S and Aakash Educational Services have not made any official confirmation. In recent days, in August 2020, BYJU’S announced that it had acquired Whitehat Junior. Now it is speculated that Akash Educational Services can now be acquired.