Byju’s Targets Tutoring Unit IPO in 2024 as Financial Woes Mount

Byju’s seeks to have the stock-market debut of its tutoring unit next year, later than it had previously envisaged as the Indian education-technology company struggles with financial challenges.

The initial public offering of Aakash Educational Services is set to take place in the middle of next year, Byju’s said Monday in a statement. Byju’s had previously targeted the IPO for August-September this year, people familiar with the matter had said late last year.

An IPO of Aakash would provide Byju’s with much-needed cash. The once high-flying company led by former teacher Byju Raveendran has been trying to strike a ...