Byju’s preps for a $1 billion IPO of its subsidiary Aakash in the first half of next year

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Edtech startup BYJU’S is preparing to list its subsidiary Aakash Educational Services in the first half of next year, sources familiar with the development told Moneycontrol.

The initial public offering (IPO) could be in the $1 billion range, valuing Aakash at $3.5-$4 billion. While the edtech firm intends to file for an IPO with India’s market regulator in January, it does not intend to list until June, or the first half of FY24. According to the report, while BYJU’s hopes to be listed in the US, it may not happen until Aakash is. According to the spokesperson, Aakash has grown by more than 100% since being acquired by the edtech decacorn.

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Byju’s preps for a $1 billion IPO of its subsidiary Aakash in the first half of next year

Edtech startup BYJU’S is preparing to list its subsidiary Aakash Educational Services in the first half of next year, sources familiar with the development told Moneycontrol.

The initial public offering (IPO) could be in the $1 billion range, valuing Aakash at $3.5-$4 billion. While the edtech firm intends to file for an IPO with India’s market regulator in January, it does not intend to list until June, or the first half of FY24. According to the report, while BYJU’s hopes to be listed in the US, it may not happen until Aakash is. According to the spokesperson, Aakash has grown by more than 100% since being acquired by the edtech decacorn.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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