Indian edtech giant Byju’s says not acquiring Unacademy

Indian edtech giant Byju’s said on Thursday the firm and any of its subsidiaries are not engaging with rival Unacademy to explore an acquisition or merger, refuting a media report at a time when weakening global market conditions have sparked several consolidation plays in the industry.
Indian news outlet MoneyControl reported earlier that Byju’s physical tutor unit Aakash is in talks to acquire Unacademy. “We strongly deny that Byju’s is considering a merger of Unacademy into Aakash Educational Services. As a parent company, BYJU’S is committed to investing in the growth of Aakash

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