Byju's likely to close $800-million Aakash Educational deal by March

The edtech decacorn which is valued at about $12 billion is scouting global markets including the U.S and India to acquire many other smaller rivals which could help it scale up faster

Byju’s is on an acquisition spree, with the edtech decacorn seeking to close the deal to acquire exam preparation firm Aakash Educational Services by March.
 
The deal, valued at $700-800 million, would be the biggest in the education space once closed, said sources.
 
“Due diligence is going on,” said a person in the know. “Negotiations are on between Byju’s and Aakash’s founders as they want to remain invested through some stake, and also run it independently.”
 
Byju’s declined to comment. According to sources, the deal is being structured in the form of cash and equity. People in