Byju’s Completes $950 Million Aakash Acquisition, Receives $800 Million Funds Raised in March
Edtech firm Byju's said on Monday that it has completed payment that was due for the acquisition of Aakash Educational Service and received majority of $800 million (roughly Rs. 6,300 crores) fund which it announced in March.The company is estimated to have acquired Aakash Educational Services Limited for around $950 million (roughly Rs. 7,500 crores)."Our fundraising efforts are on track and the majority of the $800 million (roughly Rs. 6,300 crores) has been already received. The balance is also expected soon. Our…