MUMBAI -- India's leading startup in online education, Byju's, is set to expand through a corporate buyout. The Bangalore-based company is currently negotiating with Aakash Educational Services to acquire the brick-and-mortar provider of test preparatory services, Nikkei Asia has learned.
Aakash, backed by Blackstone Group, tutors about 250,000 students aiming to enter elite engineering and medical universities. The talks "are in very advanced stages and could soon be concluded," one source familiar with the talks told Nikkei on condition of anonymity, adding that the two companies will probably reach an accord by the end of March.
