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‘BYJU’S to acquire Aakash Educational Services for Rs 7,300 cr’

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NEW DELHI: Leading edtech company BYJU’S is reportedly acquiring Delhi-based offline test preparatory services provider Aakash Educational Services for $ one billion (nearly Rs 7,300 crore), the media reported.

The deal may close in the next two-three months, reports Bloomberg.

An email sent to BYJU’S on Wednesday did not elicit any response.

BYJU’S last year acquired Mumbai-based live online coding provider WhiteHat Jr for roughly Rs 2,246 crore.

In September, barely a month later, the edtech platform raised $500 million (approximately Rs 3,689 crore) in a new funding round led by global technology investment firm Silver Lake.

Existing investors Tiger Global, General Atlantic and Owl Ventures also participated in the round, which put the edtech startup’s valuation at $10.8 billion.

According to frest report, the founders of Aakash Educational Services would exit the company and its investor Blackstone will swap a portion of its 37.5 per cent stake for a stake in BYJU’S.

Aakash Educational Services provides test preparation services for medical and engineering entrance exams, school/board exams, and other exams via Aakash Centres.

BYJU’S informed in September that it saw over 20 million new students starting learning from its platform for free since the lockdown. The app then had over 64 million registered students and 4.2 million annual paid subscriptions.

The edtech platform doubled its revenue from Rs 1,430 crore to Rs 2,800 crore in the fiscal 2019-2020.

With a sudden spurt towards online education, the market size projections for Edtech in India by 2022 has seen a substantial increase.

As per a recent report, the Edtech market in India is projected to reach $3.5 billion by 2022 which was earlier projected to be in the range of $2.8 – $3.2 billion.

Edtech market size in 2019 stood at $735 million.

This growth is expected to be driven by K12, higher education, test preparation and upskilling.

“With more and more adoption towards Edtech and a different outlook for education in the post-Covid world, we can expect a bigger number than this,” said Nasscom in its recent report.

Nearly five times growth in funding was observed in the first half of last year, compared to H12019.

Major portion of the funding is accounted by BYJU’S and Unacademy. Many new startups have also raised funding like iNurture, Masai, Campk12, Pedagogy, Lido and more.

Edtech firms like Udemy, BYJU’S, Coursera and Doubtnut saw a substantial rise in traffic share during the post-Covid world.

Sectors with Covid-19 tailwinds such as EdTech, BFSI, AgriTech, Gaming, etc., are witnessing a steady increase in the first time funding, up from 29 per cent in 2019 to 42 per cent in 2020, garnering a 14 per cent growth in absolute numbers.



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Education

IBPS PO Mains admit card released at ibps.in, download here

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NEW DELHI: IBPS PO Mains admit card has been released by the Institute of Banking Personnel Selection on Monday i.e., January 25. Candidates who are appearing for the Mains examination can visit the official website of IBPS to check and download the IBPS PO Mains admit card.

Candidates can obtain the IBPS PO Mains admit card either from the official website or from the link provided below. Candidates need to login with the registration number and password to download the admit card.

Direct link: IBPS PO Mains admit card


The admit card will be available online till February 4, 2021.

Candidates are required to report at the exam venue strictly as per the time slot mentioned in the Call Letter AND/OR informed via SMS/Mail on their registered mobile number/mail prior to the exam date. It is expected that candidates strictly adhere to this time slot – as entry into the exam venue will be provided based upon the individual’s time slot ONLY. Candidates should report at least 15 minutes before the Reporting time.

Items permitted into the venue for Candidates

Candidates will be permitted to carry only certain items with them into the venue.

  • Mask (wearing a mask is compulsory)
  • Gloves
  • Personal transparent water bottle (Candidates must bring their own water bottle)
  • Personal hand sanitizer (50 ml)
  • A simple pen and ink stamp pad.
  • Exam related documents (Call Letter and Photocopy of the photo ID card stapled with it, same ID Card in Original.) The name on the ID and on the Call Letter should be exactly the same.
  • In case of Scribe Candidates – Scribe form duly filled and signed with Photograph affixed.



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GJU Clerk admit card 2021 for Typing Test released, download here

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NEW DELHI: GJU Clerk Typing admit card has been released by the Guru Jambheshwar University of Science & Technology (GJUST) on its official website.

The candidates who have applied for the GJU Clerk Typing Test can visit the official website of GJU — gjust.ac.in — to check and download their admit card.

According to the schedule available on the official website, the Clerk Typing Test will be conducted from February 1 to 14.

Candidates can download their GJU Clerk Typing Test admit card either from the official website or from the direct link provided below.

Direct link to download GJU Clerk Typing Test admit card

How to download GJU Clerk Typing Test admit card

Candidates can follow the steps given below to check and download the GJU Clerk Typing Test admit card.

1. Go to the official website of GJU — gjust.ac.in

2. On the homepage click on the link which reads “Download Admit Card Clerk Typing Test”

3. It will direct to a new page of the GJU website

4. You need to enter your roll number and date of birth to login

5. Your GJU Clerk Typing Test admit card will be displayed on the screen

6. Download and take a print out of the same for future reference



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Education

100 bright students to join PM in his box during R-Day parade

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NEW DELHI: One hundred meritorious students from schools and colleges will join Prime Minister Narendra Modi in his box to together witness the Republic Day parade on Tuesday. According to Ramesh Pokhriyal, Union education minister, the students will also have a chance to interact with him after the parade.

“Happy to share that meritorious students across the country will be given a chance to witness the RepublicDay2021 parade from the PM’s Box. They will also have a chance to meet & interact with the minister of education, Govt. of India Shri @DrRPNishank,” the ministry of education tweeted.

According to a ministry official, 100 students have been shortlisted for the purpose — 50 each from schools and higher education institutions. A total of 105 toppers from CBSE and universities got to watch the 71st Republic Day Parade from the PM’s box last year. Due to the Covid-19 safety norms gravity-defying stunts by motorcycle-borne men, a major attraction for the crowd at Republic Day celebrations on the Rajpath, will be missing this year, while the spectator size too has been reduced to 25,000, officials said on Friday.



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