What started as a collaboration talk with Byju’s ended up as a takeover deal worth $1 billion for Aakash Educational Services, in one of the most expensive deals in India’s burgeoning education space. In an interview, Aakash Chaudhry, managing director and co-promoter of the test preparation firm, spoke about what prompted him to sell the three-decade-old brand to a six-year-old startup and his plans to open centres outside India. He also explained how Aakash’s tier-III town expansion in India will provide Byju’s a launchpad to increase its market share beyond cities and metros. Edited excerpts:
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
