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Byju’s denies reports of potential acquisition of Unacademy.

Indian edtech firm Byju’s has denied it is attempting to acquire fellow edtech company Unacademy, following reports the company’s Aakash unit was in talks with the start-up regarding a merger. Byju’s said it was focused on investment in Aakash Educational Services, which it acquired last year for around $1bn, and “absolutely no discussions” regarding a merger with Unacademy were in place. Unacademy, backed by SoftBank and valued at $3.44bn, has reduced expenses to drive profitability. Byju’s, India’s most valuable start-up, is looking to list Aakash after board approval, with Citigroup and Goldman Sachs advising.

Vaibhav Kulkarni
I am Vaibhav Kulkarni, Blogger By Passion, Civil Engineer By Profession. I am Tech Enthusiast and Travel Lover. I started my journey 3 years back with some ideas and no coding experience. I was always fascinated with technology and its credibility. I firmly believe in "Creating jobs rather than asking for one".