Byju’s is on its way to becoming an educational conglomerate. The company bought Aakash Educational Services for $950-million in a cash-and-stock deal.
Teachers being the unsung hero during a pandemic, education space became more prominent during this time and became the catalyst of change. Last year, 4,440 ed-tech platforms raised funding of more than $1.1 billion, which is four times more than what was raised in four years previously.
Since Amazon first unveiled its plans a year ago to foray into the Indian EdTech sector, indigenous startups Byju’s, Unacademy, and Vedantu have been strengthening and diversifying themselves.