BYJU'S founder in talks to sell controlling stake in Aakash
Shortpedia
Content Team
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BYJU'S CEO Byju Raveendran, is in talks with private equity firms like Bain Capital and KKR about selling a controlling stake in Aakash Educational Services Ltd (AESL), the Economic Times has reported. This news comes as certain equity firms, including Carlyle, are reportedly interested in backing Aakash Chaudhry, former CEO of AESL, in buying back the company. AESL was sold to to BYJU'S parent company Think and Learn Pvt Ltd (TLPL) in 2021 for $950 million in stock and cash.
