India’s edtech major Byju’s is acquiring Aakash Educational Services Ltd. in an estimated $950-million cash-and-stock deal, according to ET report. “Post the transaction, Blackstone Group and Aakash Institute’s founders will hold a minority stake in Byju’s at a valuation of about $13 billion, founder Byju Raveendran said. “We will integrate Aakash’s expertise in test prep…
Edtech unicorn Byju’s announced the acquisition of LabInApp, a startup that offers lab-like simulations for science students on a mobile app. Founded by engineering graduates Girish Shirigannavar, Pavan Shinde, Pramod Ramdurg and Vinayak Hulabutti, LabInApp is on a mission to revolutionize science learning through 3-dimensional virtual laboratory. Its platform is built on real time computer…