- According to sources, Byju’s, India’s most valuable startup, is completing plans for a $1 billion IPO of its tutoring business Aakash Educational Services.
- As it seeks listing arrangers, the company is in talks with JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc., and Morgan Stanley, as well as Indian banks Kotak Mahindra Bank and Axis Bank.
- The source estimated $3.5 billion to $4 billion for the unit.
