Byju's to list Aakash Institute by mid-2024
The Bengaluru-headquartered edtech unicorn acquired Aakash Institute in April 2021, for a cash and stock deal worth ₹1,983 crore.
The Bengaluru-headquartered edtech unicorn acquired Aakash Institute in April 2021, for a cash and stock deal worth ₹1,983 crore.
The development comes days after upGrad reported that its losses have widened threefold to ₹626.6 crore in the financial year ended March 2022, as against ₹211.1 crore in the same period last year.
The development comes a week after Byju’s employees met labour minister of Kerala V Sivankutty, urging him to intervene over the alleged mass termination of as many as 140 employees at Technopark.
The Bengaluru-headquartered edtech unicorn had acquired Aakash Institute in April last year for a cash and stock deal worth ₹1,983 crore.
Karti Chidambaram raises concerns over three instances related to Byju’s, including two funding rounds and a delay in furnishing financial statements for FY21
Byju's says it has integrated Toppr and absorbed 80% of workforce; it’s now optimising teams to recalibrate business priorities