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Search resuls for: "Aakash Education Services"


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Yet, the system has also exacerbated the social divide between the haves and have-nots, who are confined to the largely abysmal state-run education system. That means entrance tests and examinations are a high-stakes juncture in a person's life. A half-hearted attempt at testing the country's education system in 2021 was aborted when the Covid-19 pandemic hit the country. The company, which offers services ranging from online tutorials to offline coaching, attracted billions of dollars from investors worldwide during the pandemic when online education services were in high demand. One of the companies it bought was an offline test preparation service called Aakash Education Services, which is still expected to IPO this year.
Persons: Firdous Nazir, NurPhoto, Cram, , Byju's Organizations: Youth Congress, Getty, Testing Agency, Reuters, FIFA, Aakash Education Services Locations: Jammu, Kashmir, India, Kota, Rajasthan, PISA, Kyrgyzstan, Turkish
BENGALURU, June 30 (Reuters) - Embattled Indian edtech startup Byju's is looking for investors to sell a part of its stake in the educational institute Aakash Education Services, television news channel ET Now reported on Friday, citing sources. Byju's holding company, Think and Learn (THIK.NS), is looking to dilute up to 20% of its total 70% equity stake in Aakash Education, sources told ET Now. The company bought Aakash Education for $950 million in 2021. The talks with prospective investors are early and preliminary, the broadcaster reported in a tweet. The reported plans of stake offloading come as a sharp contrast to the edtech's earlier plans of listing Aakash Education through an IPO by mid-2024.
Persons: Byju's, Hritam Mukherjee, Eileen Soreng Organizations: Education Services, Aakash Education, Deloitte, Thomson Locations: BENGALURU, Bengaluru
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