Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal

Byju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash, a source familiar with the matter told TechCrunch, addressing one of the criticisms levelled against the Indian edtech giant in recent months.
The Bengaluru-headquartered startup, valued at $22 billion, had pushed back on some payments for the approximately $1 billion acquisition of the physical education chain last year, citing regulatory clearance. Blackstone, which is also an investor in Byju’s, owned about 38% of Aakash prior to the acquisition.

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