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Talks with Byju's on, but could take several weeks: Aakash Educational MD

Talks for a partnership with Indian unicorn Byju's reflect several prescient moves by this second-generation promoter

Topics
Byju's | EdTech | Blackstone

Geetanjali Krishna 



Aakash Chaudhry, MD, Aakash Educational Services
Aakash Chaudhry, MD, Aakash Educational Services

Circa 1988. Aakash Institute, a tiny private outfit is launched out of a room in Ganesh Nagar, West Delhi. Cut to 2019. Private equity firm picks up 37.5 per cent stake in the same company, valuing it at around $500 million. Today, as Aakash Educational Services Limited (AESL), the well-known test preparatory services institution, holds talks for building a strong partnership with Bengaluru-based unicorn Byju’s, at an estimated $1 billion, this could be one of the world’s biggest deals.

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First Published: Sat, January 16 2021. 06:10 IST

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