Byju's Greenlights Aakash IPO, Targeting Mid-2024 Launch

6 Jun 2023 , 09:42 AM

Byju is India’s largest ed-tech company, BYJU’S has gained recognition for its highly acclaimed school learning app, which was launched in 2015.

BYJU offers personalized and effective learning programs tailored for students from classes 1 to 12 (K-12), as well as for aspirants preparing for competitive exams such as JEE and IAS.

With an impressive user base of 50 million registered students and 3.5 million paid subscriptions (approximately), BYJU’S has emerged as a leading education platform globally, trusted by learners worldwide.

Byju has received approval from its board to conduct the initial public offering (IPO) of Aakash Educational Services, its tutoring services division.

The IPO, previously planned for 2023, has been postponed, with Byju’s aiming to take Aakash public by mid-next year. Byju’s board has granted official sanction for the IPO, and the company will soon announce the appointment of merchant bankers to ensure a planned and successful listing.

Aakash, a leading test preparation company for engineering and medical entrance exams in India, currently operates over 325 centers, serving more than 400,000 students nationwide.

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