Thread by @BiIndia

Here's why #BYJUS may want to spend a billion dollars on physical coaching centres

businessinsider.in/business/start…

By @SanchDash

#India’s edtech unicorn #BYJU's is reportedly set to acquire the brick and mortar preparatory services institute Aakash Educational Services for a whopping $1 billion. If the deal goes through, it will become one of the biggest #edtech deals in the world.

Aakash Educational Services runs over 200 coaching institutes across the country and has a student count of more than 2,50,000, which would give #BYJU’S a direct entry into the test preparation market.

Talking about BYJU’S school,Raveendran had said,“No,there won’t be.We are very clear that what we have created is to have more active learners,especially when they learn at home complementing the synchronous learning happening at schools. We’ll stay focussed on what we know best”

For #BYJU’S, this would be a big cheque to dole out. It recently acquired coding startup #WhiteHatJr for $300 million in August 2020, and that has been mired in controversy and legal tangles over its advertisements and teaching methods.