BYJU acquires Aakash Educational Services Limited through a strategic merger
EY has successfully advised BYJU’S (world’s leading ed-tech company) in its strategic partnership with Aakash Educational Services Limited (a leader in test prep services) to create India’s largest digitally enabled, omni-channel education company.
BYJU’S and AESL’s complementary strengths will be leveraged to build stronger capabilities, create engaging and personalised learning programs to accelerate the test-prep experience to the next-level.
EY acted as the exclusive financial advisor to BYJU’S.
BYJU’S, India's largest ed-tech company, is the leader in offering personalised learning programs for school students in India. With over 80 million students cumulatively learning from the app, 5.5 million annual paid subscriptions and an annual renewal rate of 86%, BYJU’S has added 45 million new students on its platform in just 6 months during the lockdown.
Aakash Educational Services Limited (AESL) with over 33 years of operational experience in the test preparatory industry, the company has a large number of selections in Medical & Engineering Entrance Exams and several Class 9th and 10th level Scholarship exams/Olympiads, a pan India network of 215+ Aakash Centers (including franchisee), and a student count of more than 250,000. In 2019, AESL partnered with Blackstone to create India’s largest digitally enabled, omni-channel test preparation company.
This is one of the largest strategic transactions in EdTech globally. We are excited to have facilitated the strategic partnership between the largest edtech player in India and one of the leading Indian education brands. EY played a pivotal role in navigating this complex transaction. This deal further strengthens EY’s undisputed leadership position in the education M&A space.
