Edtech giant Byju’s seeks investors for Aakash Education stake: Report

Embattled Indian edtech startup Byju’s is looking for investors to sell a part of its stake in the educational institute Aakash Education Services, television news channel ET Now reported on Friday, citing sources.

Byju’s holding company, Think and Learn, is looking to dilute up to 20% of its total 70% equity stake in Aakash Education, sources told ET Now.

The company bought Aakash Education for $950 million in 2021.