Byju’s eyes $1 billion IPO for physical tutor chain Aakash

Indian edtech giant Byju’s is engaging with bankers to put together a plan for the initial public offering of its physical tutor chain unit Aakash, which it acquired last year, a source familiar with the matter told TechCrunch.
The Bengaluru-headquartered firm is looking to raise $800 million to $1 billion in the initial public offering of Aakash at a valuation of over $3.5 billion, the source said, requesting anonymity as the details are private. The startup may file the paperwork for the IPO as early as February, the source said.
The deliberations are at an early stage, so the terms of

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