Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year

Edtech major Byju’s said its subsidiary Aakash Educational Services (AESL) was expecting to cross Rs 3,000 crore in revenues in financial year 2022-23, a threefold rise under its fold.

Byju’s acquired AESL in 2021 for about $1 billion. Since then, Byju’s said AESL’s revenue and profits tripled.

“Since the acquisition, AESL has registered 3X growth in revenue, and we look forward to integrating our synergies further to reimagine education for students everywhere,” said Divya Gokulnath, co-founder of Byju’s. “With our expansion plans and student-centric approach, we are confident that AESL will continue to broaden its horizons.”

The company, which prepares