Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jan, 08 2020

Aakash Educational Services buys ed-tech firm Applect

The latest acquisition is in line with AESL’s plans to accelerate the growth of its online live tutoring business.

By Features Writer
Aakash Educational Services buys ed-tech firm Applect

Aakash Educational Services Ltd (AESL), an entrance test preparation services provider, has acquired edtech company Applect Learning Systems.

Aakash Educational has signed a definitive deal with Info Edge (India) Ltd and other selling shareholders to buy Applect. The edtech firm provides learning programmes under the brand name 'Meritnation', which caters to students of class I to XII.

The latest acquisition is in line with AESL’s plans to accelerate the growth of its online live tutoring business.

In October 2019, Blackstone had acquired a 37.5% stake in Aakash Educational Services for Rs 1,350 crore. At that time, the company announced its plans to create a digitally enabled, omnichannel test preparation company.

Aakash Chaudhry, Director and CEO, AESL, said, “Addition of Meritnation in Aakash family will help significantly accelerate the growth of AESL’s digital business. Apart from being one of the largest offline players, AESL is also one of the largest online live tutoring players in India today. Meritnation’s decade long EdTech experience and leadership in live tutoring technology, will further strengthen AESL’s competitive positioning not only in digital education but will also further enable its offline student offering across its 200 classroom centres, teaching over 2,50,000 students.”

“Meritnation has built a strong team under the leadership of Pavan Chauhan, which will be a great addition to the AESL digital team. We are continuing to evaluate several acquisition opportunities in the ed-tech space as part of our digital growth strategy, so that we can make our well-crafted student performance journey more productive,” he further added.

Aakash Institute Seeking Franchisees For Its Digital & Distance Learning Programmes

In October 2019, AESL looked for franchisees across India for its popular Aakash Digital and Distance Learning Programmes.

The move would provide aspiring entrepreneurs to become a part of one of the largest, most trusted and rapidly expanding education brands in the country.

Aakash Chaudhry stated, “Our Digital and Distance Learning Programmes are seeing rapid expansion across India due to heavy demand from students who aspire to be engineers and doctors. With Aakash Digital, students can get the same quality of coaching and guidance of expert Aakash faculty at the convenience of their home or at schools through live online classes, recorded video lectures, online test series and printed study material programs.”

“With the launch of our franchising program, we are delighted to offer an opportunity to everyone to be a part of our phenomenal growth story, and help extend the benefits of our cutting-edge digital services to all students in their respective regions,” he added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • VIVO Healthcare is the first education and training company to..
    Locations looking for expansion Haryana
    Establishment year 2009
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Others Food Service
    Dear Sir/Madam,   We thank you for your interest in franchising our..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2012
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Real Estate Sub
    About Us: RE/MAX is one of the World’s largest and most..
    Locations looking for expansion New Delhi
    Establishment year 1973
    Franchising Launch Date 2009
    Investment size Rs. 10lac - 20lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
  • Tea And Coffee Chain
    About Us: Fresh & Honest Coffee Point is the preferred quick..
    Locations looking for expansion Delhi
    Establishment year 1996
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities