Byju's reportedly plans $1 bn IPO for offline coaching arm Akash in its push for survival
Shortpedia
Content Team
Image Credit: tech crunch
After a dream-run during the pandemic, Byju's delivered a shock with a 10-fold rise in losses almost amonth back, followed by cost cutting measures including layoffs. Byju’s had also shut its office in Kerala, but reversed the decision when the state government intervened after for employees who were allegedly forced to quit. With hopes of a revival the edtech firm has is now moving ahead with an IPO for its offline coaching arm Akash.
