About Aakash Educational Services
Aakash Educational Services is a company based in Delhi (India) founded in 2000 by Aakash Chaudhry was acquired by BYJU'S in January 2021.. Aakash Educational Services has raised $745.25 million across 2 funding rounds from investors including Blackstone, BYJU'S and Davidson Kempner Capital Management. The company has 5,131 employees as of April 03, 2024. Aakash Educational Services has completed 1 acquisition, including Meritnation. Aakash Educational Services operates in a competitive market with competitors including Veranda Learning, Career Launcher, CLEducate, Career Point and Resonance Eduventures, among others.
- Headquarter Delhi, India
- Employees 5131 as on 03 Apr, 2024
- Founders Aakash Chaudhry
- Stage Minicorn
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aakash Educational Services Limited
- Date of Incorporation 15 Oct, 2007
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$143.21 M (USD)0as on Mar 31, 2021
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Net Profit
$-3.37 M (USD)0as on Mar 31, 2021
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EBITDA
$18.04 M (USD)0as on Mar 31, 2021
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Total Equity Funding
$745.25 M (USD)
in 2 rounds
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Latest Funding Round
$243.62 M (USD), Private Equity Round
May 11, 2023
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Investors
Blackstone
& 2 more
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Employee Count
5131
as on Apr 03, 2024
- Investments & Acquisitions
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Acquired by
BYJU'S
(Jan 12, 2021)
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Funding Insights of Aakash Educational Services
Aakash Educational Services has successfully raised a total of $745.25M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $243.62 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $243.6M
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First Round
First Round
(24 Oct 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Private Equity Round - Aakash Educational Services | Valuation |
investors |
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| Oct, 2019 | Amount | Private Equity Round - Aakash Educational Services | Valuation | Blackstone |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aakash Educational Services
Aakash Educational Services has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Blackstone, BYJU'S and Davidson Kempner Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Global investment firm focusing on credit and event-driven opportunities worldwide.
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Founded Year | Domain | Location | |
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Online learning programs for K-12 education are delivered.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aakash Educational Services
Aakash Educational Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Meritnation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of tutoring and learning resource platform for students
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Aakash Educational Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aakash Educational Services Comparisons
Competitors of Aakash Educational Services
Aakash Educational Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Veranda Learning, Career Launcher, CLEducate, Career Point and Resonance Eduventures, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Government exam preparation is provided through centers and online courses.
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| domain | founded_year | HQ Location |
Entrance exam preparation programs are offered through education centers.
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| domain | founded_year | HQ Location |
K-12 education, vocational training and test prep provider
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| domain | founded_year | HQ Location |
IIT-JEE, AIEEE, and pre-medical coaching is provided through institute chains.
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| domain | founded_year | HQ Location |
IITJEE coaching and exam preparation programs are offered to students.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aakash Educational Services
Frequently Asked Questions about Aakash Educational Services
When was Aakash Educational Services founded?
Aakash Educational Services was founded in 2000 and raised its 1st funding round 19 years after it was founded.
Where is Aakash Educational Services located?
Aakash Educational Services is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Aakash Educational Services?
Anuj Tiwari is the current CEO of Aakash Educational Services.
Is Aakash Educational Services a funded company?
Aakash Educational Services is a funded company, having raised a total of $745.25M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $501.63M, raised on Oct 24, 2019.
How many employees does Aakash Educational Services have?
As of Apr 03, 2024, the latest employee count at Aakash Educational Services is 5,131.
What is the annual revenue of Aakash Educational Services?
Annual revenue of Aakash Educational Services is $143.21M as on Mar 31, 2021.
What does Aakash Educational Services do?
Aakash Educational Services was established in 2000 in Delhi, India, as a provider of coaching for competitive exams in the education sector. Instruction is delivered via a network of centers, focusing on exams including NEET (UG), IIT JEE Main, JEE Advanced, NTSE, and KVPY olympiads. One-on-one guidance and progress reports are supplied by personal mentors to support student preparation.
Who are the top competitors of Aakash Educational Services?
Aakash Educational Services's top competitors include Veranda Learning, MT Educare and Resonance Eduventures.
How many acquisitions has Aakash Educational Services made?
Aakash Educational Services has made 1 acquisition, including Meritnation.
Who are Aakash Educational Services's investors?
Aakash Educational Services has 3 investors. Key investors include Blackstone, BYJU'S, and Davidson Kempner Capital Management.
What is Aakash Educational Services's valuation?
The valuation of Aakash Educational Services is $614.99M as of May 2023.
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