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Education

Indian startup Byju's set to buy test-prep tutor for up to $1bn

Edtech decacorn in talks with Aakash to lure students aiming for elite schools

The purchase of Aakash would give online education startup Byju's a solid foothold in the field of traditional educational services as well. (Photo by Kosaku Mimura)

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.

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