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:
Register now to enjoy 3 free articles per month,
or log in to continue reading.
Stay informed with complimentary articles each month
Gain access to our exclusive newsletters delivered directly to your inbox
Be the first to know about all our summits!
Already a Subscriber? Log in