A deal between the two education biggies will signal the emergence of a hybrid model in the industry.
Last month, in a looking-forward-to-2021 story, we had placed our bets on Aakash Educational Services Ltd in the education sector. As it turns out, someone else had their eyes on the company too.
On Tuesday, Bloomberg reported that Byju’s, India’s biggest edtech company, valued at $12 billion, is in talks to buy AESL for $1 billion, citing unnamed sources. If the deal goes through, it will be one of the biggest edtech acquisitions in the world.
A deal will mean that the Byju’s juggernaut will start the year right where it left off in 2020. It will also give the …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
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