Unacademy reportedly considering a potential merger with Byju’s Aakash
The discussions are at an early stage and a transaction may not materialize but..
SoftBank – backed unacademy is in talks for a potential merger Byju’s owned aakash, three people familiar with the development said, portending a significant shakeup involving two of Indias most valued edtech companies.
The deal if it happens will be a mixture of cash and stocks with a merged entity exploring am IPO ( initial public offering) instead of aakash alone seeking alone a public listing as its being contemplated now by Byju’s the sources said.
The discussions are at an early stage and a transaction may not materialize but events have moved far enough for talks to take place on Byju’s for the last month between Byju’s founder Raveendran unacademy founder Gaurav Munjal, money control has learnt.
One of the persons is expected to run the merged identity, Byju’s may get a board seat the sources said.