BYJU's closes $1 bn Aakash acquisition, $800 mn funds 'expected soon'

12:00:00 AM, Tuesday 5th of July 2022 | in business

Edtech platform BYJU's on Monday said it has closed the nearly $1 billion acquisition of offline test preparatory services provider Aakash. The company, in a statement, said that its payments to Aakash are "closed" and the "audited financial results are going to be announced in the next 10 days". In March, BYJU'S announced to raise $800 million from Sumeru Ventures, Vitruvian Partners, and BlackRock.