{"id":1246381,"date":"2023-06-11T11:52:15","date_gmt":"2023-06-11T06:22:15","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1246381"},"modified":"2023-06-11T11:52:50","modified_gmt":"2023-06-11T06:22:50","slug":"byjus-will-launch-aakash-ipo-in-2024-revenues-will-cross-rs-4000-crore-this-year-sales-increase-3x-in-3-years","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/byjus-will-launch-aakash-ipo-in-2024-revenues-will-cross-rs-4000-crore-this-year-sales-increase-3x-in-3-years\/","title":{"rendered":"Byju’s Will Launch Aakash IPO In 2024 – Revenues Will Cross Rs 4000 Crore This Year, Sales Increase 3X In 3 Years"},"content":{"rendered":"\n

BYJU’s, a prominent edtech company, has announced its plans to launch the initial public offering (IPO) of its subsidiary, Aakash Education Services Ltd., in the middle of the next year. According to a statement from BYJU’s, Aakash Education Services Ltd. is projected<\/a> to achieve a revenue of Rs 4,000 crore with an Ebitda of Rs 900 crore in the fiscal year 2023-24.<\/p>\n\n\n\n

\"Byju's<\/figure>\n\n\n\n

BYJU\u2019s Aakash Education Services Ltd\u2019s IPO<\/strong><\/p>\n\n\n\n

The board of BYJU’s has given its official approval for the IPO, and the company will soon announce the appointment of merchant bankers to ensure a well-planned and successful listing next year.<\/p>\n\n\n\n

The IPO will provide significant capital infusion to strengthen Aakash’s infrastructure, expand its reach, and offer high-quality test-preparation education to a larger student population across the country, as stated in the company’s statement. BYJU’s had acquired AESL for approximately $950 million, or around Rs 7,100 crore, in April 2021. Since the acquisition, Aakash has experienced a three-fold increase in revenue over the past two years.<\/p>\n\n\n\n

Ken Research predicts that the revenues in the test-preparation market will experience a compound annual growth rate of 9.3% from 2020 to 2025. The online test preparation segment is expected to grow even more rapidly, with a projected CAGR of 42.3% during the same period. BYJU’s statement emphasizes that Aakash is well-positioned to take advantage of this growth due to its wide range of offerings, which integrate traditional classroom-based learning with advanced digital products and services specifically designed for engineering and medical entrance exams. Presently, Aakash operates more than 325 centers, catering to over 400,000 students nationwide.<\/p>\n\n\n\n

Aakash Educational Services Limited<\/strong><\/p>\n\n\n\n

Aakash Educational Services Limited (Aakash BYJU\u2019S) is a leading educational institution in India that provides comprehensive test preparatory services to students preparing for medical and engineering entrance exams, school\/board exams, NTSE, Olympiads and other foundation level exams. <\/p>\n\n\n\n

Commited to the success of students since 1988, it has been recognized nationally as one of the most trusted brands in the education sector. With 300+ branches across India, 5000+ expert faculty, comprehensive study material, regular tests & assessments and an efficient doubt clearing system, backed by robust technology for an omni channel experience, Aakash BYJU’S provides one of the best coaching experiences for students aspiring to become a doctor or an engineer.<\/p>\n","protected":false},"excerpt":{"rendered":"

BYJU’s, a prominent edtech company, has announced its plans to launch the initial public offering (IPO) of its subsidiary, Aakash Education Services Ltd., in the middle of the next year. According to a statement from BYJU’s, Aakash Education Services Ltd. is projected to achieve a revenue of Rs 4,000 crore with an Ebitda of Rs […]<\/p>\n","protected":false},"author":26,"featured_media":1246443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1813,303,1081],"class_list":["post-1246381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-aakash","tag-byjus","tag-ipo"],"acf":[],"yoast_head":"\nByju's Will Launch Aakash IPO In 2024 - Revenues Will Cross Rs 4000 Crore This Year, Sales Increase 3X In 3 Years - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/byjus-will-launch-aakash-ipo-in-2024-revenues-will-cross-rs-4000-crore-this-year-sales-increase-3x-in-3-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Byju's Will Launch Aakash IPO In 2024 - Revenues Will Cross Rs 4000 Crore This Year, Sales Increase 3X In 3 Years - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"BYJU’s, a prominent edtech company, has announced its plans to launch the initial public offering (IPO) of its subsidiary, Aakash Education Services Ltd., in the middle of the next year. 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