Edtech startup Byju's to raise $250 mn in Aakash pre-IPO funding

Aakash is eyeing an initial public offering (IPO) and it is looking to raise the capital to create an interim event and set the stage, according to the sources

Byju’s, the world’s most valuable edtech startup, is in talks with existing investors and new investors to raise about $250 million for its tutoring service subsidiary Aakash Educational Services (AESL), according to people familiar with the matter. 

Byju’s has raised total funding of $5.8 billion from investors like Qatar Investment Authority (QIA), Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, General Atlantic and Tiger Global. 

AESL is eyeing an initial public offering (IPO) by next year. It is looking to raise the capital to create an interim event and set the stage. This will