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Symantec ASC-094 : ASC Storage Management Assessment Exam

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Test Number : ASC-094
Test Name : ASC Storage Management Assessment
Vendor Name : Symantec
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Symantec Management test prep

Byju's To Pay $1 Billion For Blackstone-Backed look at various-Prep leader Aakash | ASC-094 Latest courses and Real exam Questions

Byju's app provides lessons in maths and science through video animations and games

India's biggest online-education startup Byju's has signed a deal to purchase brick and mortar check prep leader Aakash academic features Ltd. for $1 billion, in line with a person with skills of the talks.

The deal for what will be one of the largest edtech acquisitions in the world should shut in the subsequent two or three months, mentioned the grownup, who did not want to be recognized as the information is inner most.

Bangalore-headquartered Byju's is valued at $12 billion and has been on a fund-elevating spree as the pandemic has sent demand for its online lessons hovering. India's 2d-most beneficial startup is backed with the aid of the likes of fb founder Mark Zuckerberg's Chan Zuckerberg Initiative, Tiger international administration and Bond Capital, co-headquartered via Silicon Valley investor Mary Meeker.

A Byju's spokeswoman declined to remark, whereas emails and calls to New Delhi-based Aakash educational services and its Chief govt Officer Aakash Chaudhry didn't elicit a response.

Blackstone community-backed Aakash tutorial services runs Aakash Institute, which has over 200 brick and mortar facilities and tutors students to gain entry into the nation's elite engineering and medical colleges. Its scholar count number is over 250,000, in keeping with its website.

while online gaining knowledge of startups have thrived, offline tutoring centers have been badly hit through the pandemic, which has closed colleges and tutoring centers considering the fact that March last 12 months.

within the cope with Byju's, Aakash's founders, the Chaudhry household, will exit fully, whereas Blackstone will swap a element of its 37.5% fairness in Aakash for Byju's stake, referred to the adult.

Byju's become situated by way of Byju Raveendran, a former instructor and the son of educators, who conceived the smartphone app in 2011. The app caters to college students from kindergarten to the twelfth grade, and has been adding over 5 million clients a month. India has about 250 million students within the okay-12 grades. The app provides classes in maths and science through video animations and games.

more than 70 million clients logged in in from over 1,seven hundred cities across the country, Byju's observed final September when it announced a fund raise. of these, over four.5 million are paid clients. it be concentrated on doubling its revenues to $1 billion within the present monetary 12 months ending in March 2021.

(aside from the headline, this story has no longer been edited by NDTV staff and is posted from a syndicated feed.)


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