Tag: Phoneix Advisers

Edtech unicorn Byju’s to acquire Aakash Educational Services

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…