Business

June 05, 2023 : BYJU'S, the leading edtech company, has announced its plans to list its subsidiary, Aakash Education, by mid-2024. This move comes as BYJU'S seeks to expand its presence in the education sector and capitalize on the growing demand for online learning platforms.The decision to list Aakash Education, which was acquired by BYJU'S in 2020, is part of the company's strategy to leverage the strong brand value and reputation of Aakash. By bringing Aakash Education to the stock market, BYJU'S aims to unlock its value and provide an opportunity for investors to participate in the edtech sector's growth story.

Aakash Education is a renowned provider of test preparation services for medical and engineering entrance exams in India. With a network of physical coaching centers across the country, Aakash has established itself as a trusted name in the test preparation space.
Since its acquisition, BYJU'S has been working on integrating Aakash's offerings into its online learning platform, making them accessible to a wider audience. This integration has enabled BYJU'S to enhance its course offerings and provide students with a comprehensive learning experience.By listing Aakash Education as a separate entity, BYJU'S aims to highlight the value and potential of its subsidiary. The move is expected to attract significant investor interest, given the rapid growth and immense potential of the edtech sector in India.

The IPO (initial public offering) of Aakash Education is scheduled for mid-2024, subject to regulatory approvals. It is anticipated to be one of the most anticipated IPOs in the edtech space, drawing attention from both domestic and international investors.BYJU'S, which has witnessed tremendous success and exponential growth in recent years, has been actively expanding its product portfolio and geographical presence. The listing of Aakash Education is yet another step in its journey to revolutionize the education sector by providing quality and accessible learning solutions to students across the country.

As the education landscape continues to evolve, BYJU'S remains at the forefront of innovation, leveraging technology to transform the way students learn and prepare for competitive exams. With the listing of Aakash Education, BYJU'S is poised to strengthen its position as a leader in the edtech industry and drive further growth in the coming years.