Byju’s-owned Aakash eyes 60-70% growth in FY23; new centre, hiring on cards

Test preparation major Aakash Educational Services (AESL), owned by Byju’s, is confident of growing at 60-70 per cent this year, with its business momentum driven by market demand, hirings, addition of new centres, and increase in student count, a top official said.

AESL’s positive commentary assumes significance given that reopening of schools and colleges in the offline mode has hit the business models of many new-age edtech startups.

In fact, the market is rife with reports of layoffs, and some edtech startups — that had announced ambitious plans and fundraising at the peak of the pandemic — have shut down operations over the last few months.