Indian edtech unicorn Byju’s to buy Blackstone-backed offline tutor Aakash Institute for $1b

Byju Raveendran, the founder of Byju's. Photo: Hemant Mishra/Mint

India’s biggest online-education startup Byju’s has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd. for $1 billion, according to a person with knowledge of the talks.

The deal for what will be one of the largest edtech acquisitions in the world should close in the next two or three months, said the person, who didn’t want to be identified as the information is private.

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