Aakash Defines 2.0 To Enhance Efficiency and Construct Hybrid Education Facilities

OVERVIEW Aakash Educational Services is developing "Aakash 2.0," a revamping plan that will increase operations, improve efficiency, and create hybrid learning centers. Aakash Educational Services' CEO and MD, Deepak Mehrotra, explained that while the company was once associated with Think & Learn's BYJU'S, it is now a distinct business, and the events surrounding the edtech firm should not have an impact on Aakash's 2.0 operations. This occurs just a few days after Aakash reduced its workforce over the previous few months by firing between 80 and 100 workers.In the midst of an insolvency process for its investor, BYJU'SBYJU'S Datalabs_in-article-icon, Aakash Educational Services is developing a revamping plan called "Aakash 2.0" with the goal of growing its operations, improving efficiency, and creating hybrid learning centers. This occurs just a few days after Aakash reduced its workforce over the previous few months by firing between 80 and 100 workers.

Regarding its affiliation with Think & Learn's BYJU'S, Deepak Mehrotra of Aakash Educational Services explained that Aakash is currently a distinct organization and that the current events concerning the edtech major shouldn't affect Aakash's 2.0 operations. Due to recent changes in ownership and financing structure, we have transitioned away from being a BYJU'S subsidiary and are now an independent business," Mehrotra told Business Standard. Notably, Think & Learn, the parent company of BYJU, paid around $1 billion in cash and stock to buy AESL in 2021. But the two have called off their planned merger, and AESL is still running its own show under BYJU's auspices.The two parties had already spat over the share swap following the deal in 2021. Aakash was formed by the Chaudhry family, who declined to exchange their shares.