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Alakh sir, can PhysicsWallah ace the profit test?

Livemint

Livemint · 1y ago

Alakh sir, can PhysicsWallah ace the profit test?

PhysicsWallah, an edtech company that provides online coaching classes for various competitive exams in India, is facing several challenges. Students have complained of delayed classes, late study material deliveries, and poor quality of faculty at the company's brick-and-mortar coaching centres. The company's revenue has surged, but its net profit has shrunk significantly. PhysicsWallah's expansion into offline coaching has been met with difficulties, including struggling to fill centres and increasing fees. However, the company remains confident in its ability to stay profitable and provide affordable education to all.

Related News

Alakh Pandey-led Physics Wallah's profit declines 91% from Rs 98.2cr to Rs 8.9 crore in FY23

IndianStartupNews

IndianStartupNews · 1y ago

Alakh Pandey-led Physics Wallah's profit declines 91% from Rs 98.2cr to Rs 8.9 crore in FY23

Alakh Pandey-led edtech unicorn PhysicsWallah witnessed a significant drop in net profit for FY23, with a decline of 91% to Rs 8.9 crore. This decline can be attributed to a substantial increase in expenses, including employee benefits, advertising costs, and rent expenses due to offline expansion. However, the company saw a notable increase in total revenue of 234% to Rs 798 crore, driven by its expanded penetration in the offline category. PhysicsWallah has also pursued an aggressive expansion strategy, including acquisitions and entry into primary education.

YouTube, Unicorn, $500-Million IPO: PhysicsWallah Founder Alakh Pandey's Rags to Riches Story

OutlookIndia

OutlookIndia · 5m ago

YouTube, Unicorn, $500-Million IPO: PhysicsWallah Founder Alakh Pandey's Rags to Riches Story

PhysicsWallah, founded by Alakh Pandey, is a unicorn edtech startup in India poised to launch a $500 million IPO. Alakh Pandey, who dropped out of college to become a full-time tutor, created PhysicsWallah from modest beginnings, focusing on affordable education. The startup, co-founded with Prateek Maheshwari, has expanded into offline centers and amassed significant user engagement online. Despite facing edtech sector challenges, PhysicsWallah continues to grow while aiming for strategic acquisitions and broader market penetration.

PhysicsWallah plans ₹2,500 crore takeover of Drishti IAS

Inshorts · 5m ago

PhysicsWallah plans ₹2,500 crore takeover of Drishti IAS

Alakh Pandey-led edtech startup PhysicsWallah is in talks to acquire Drishti IAS coaching in a deal that could be valued at around ₹2,500 crore, reports claimed. Reports of potential acquisition come as PhysicsWallah gears up for its IPO. Earlier this month, Moneycontrol reported that PhysicsWallah filed draft papers through the confidential pre-filing route to raise ₹4,600 crore via an IPO.

PhysicsWallah to buy 50% stake in edtech startup Xylem for ₹500 cr

Inshorts · 2y ago

PhysicsWallah to buy 50% stake in edtech startup Xylem for ₹500 cr

PhysicsWallah, an edtech unicorn, has announced its plans to purchase a 50% stake in Xylem Learning, an edtech startup based in Kerala, for ₹500 crore. The acquisition will occur gradually over a three-year timeframe, as stated by PhysicsWallah CEO Alakh Pandey in an interview with PTI. Pandey also expressed the intention to explore potential mergers and acquisitions in southern regions of India.

PhysicsWallah Cofounder Alakh Pandey’s Remuneration More Than Halves To INR 4.6 Cr In FY23

Inc42 · 1y ago

PhysicsWallah Cofounder Alakh Pandey’s Remuneration More Than Halves To INR 4.6 Cr In FY23

PhysicsWallah's co-founder, Alakh Pandey, received a remuneration of INR 4.57 Cr in FY23, indicating a decline in remuneration. The average founder salary increased by 69.7% to INR 5.77 Cr in FY23. PhysicsWallah reported a 91% decline in net profit to INR 8.9 Cr in FY23, primarily due to increased expenses. Its operating revenue rose by 234% to INR 779.3 Cr in the same period. The edtech startup has expanded its services, including offline education, upskilling programs, and acquisitions.

PhysicsWallah Rolls Out School of Startups, Sets Up Fund To Back Over 100 Startups

Inc42 · 1y ago

PhysicsWallah Rolls Out School of Startups, Sets Up Fund To Back Over 100 Startups

PhysicsWallah, a popular online education platform in India, has launched a new initiative called PW SOS to support entrepreneurs. The platform will provide access to ideation programs, training, mentorship, and opportunities for capital raising. It will offer three programs, Aarambh, Prarambh, and Hopes Alive, each designed for different stages of the entrepreneurial journey. PhysicsWallah, founded by Alakh Pandey and Prateek Maheshwari in 2020, recently achieved unicorn status by raising $100 million in funding from Westbridge and GSV Ventures.

PhysicsWallah launches new school to provide elementary education

Inc42 · 1y ago

PhysicsWallah launches new school to provide elementary education

PhysicsWallah, led by Alakh Pandey, has entered the offline education space with the launch of PW Gurukulam School. Located in Gurugram, the school will offer elementary education from play school to seventh grade, with a curriculum affiliated to CBSE. The school has enrolled 400 students for its inaugural batch and aims to provide experiential learning, focusing on financial literacy, entrepreneurship, and programs like Model United Nations. PhysicsWallah, which started as a YouTube channel and later expanded into various segments, currently has 67 offline centers across 38 cities and recorded significant revenue growth in FY23.

PhysicsWallah is eyeing buys to up UPSC test-prep business

Economic Times

Economic Times · 5m ago

PhysicsWallah is eyeing buys to up UPSC test-prep business

PhysicsWallah, an edtech firm, is exploring acquisitions to boost its presence in the UPSC test preparation segment. The company is considering assets like Chaitanya Academy and Drishti IAS for potential acquisition, using funds from its $210 million round led by Hornbill Capital and Lightspeed. Originally focused on JEE and NEET exams, PhysicsWallah aims to expand into new regions and test segments. It plans to raise more capital through an IPO while continuing its profitable growth trajectory.

Exclusive: PhysicsWallah acquires minority stake in Sarrthi IAS

Entrackr

Entrackr · 11d ago

Exclusive: PhysicsWallah acquires minority stake in Sarrthi IAS

Exclusive: PhysicsWallah acquires minority stake in Sarrthi IAS Edtech Unicorn PhysicsWallah has acquired a minority stake in UPSC coaching institute Sarrthi IAS, according to three sources aware of the development. “PW has picked up 40% in the company at a valuation of about Rs 250 crore. Sarrthi will continue to operate independently while leveraging on PhysicsWallah’s tech infra,” said one of the sources, requesting anonymity. Founded by Varun Jain and Dr. Shivin Chaudhry, Sarrthi IAS provides mentorship-focused courses for UPSC preparation. The platform offers GS Foundation, Mains modules, Prelims revision, and interview guidance. The deal marks a consolidation move in the UPSC prep market, where PhysicsWallah has been scaling through its vertical PWOnlyIAS. “After this deal, the combined UPSC vertical including PWOnlyIAS and Sarrthi IAS is expected to cross Rs 350 crore in revenue in FY26,” according to the source quoted above. For PhysicsWallah, the investment strengthens its positioning in the civil services test-prep segment UPSC and all state public service commission exams, and adds heft to its offline presence. PW had earlier explored larger acquisitions, including Drishti IAS, but talks did not materialise. Entrackr has reached out to PhysicsWallah and Sarrthi IAS for comments on the story. We will update the story in case they respond. The stake purchase comes as PhysicsWallah gears up for its IPO. The company received SEBI’s nod to file its Draft Red Herring Prospectus (DRHP) and is planning to raise around Rs 4,500 crore through the IPO. On the revenue front, the Alakh Pandey-led firm reported a 55% year-on-year jump to around Rs 3,000 crore in FY25, while losses narrowed by nearly 80% during the same period. Entrackr had exclusively reported these numbers last month.

IIT Varanasi graduate Satish Sharma joins PhysicsWallah as chief marketing officer

IndianStartupNews

IndianStartupNews · 2m ago

IIT Varanasi graduate Satish Sharma joins PhysicsWallah as chief marketing officer

IIT Varanasi graduate Satish Sharma has been appointed as the Chief Marketing Officer of Edtech unicorn PhysicsWallah (PW). With over 20 years of experience in digital transformation and marketing, including co-founding Unyscape, Sharma will lead PW's brand and marketing strategy. His expertise is anticipated to bolster PW's effort to democratize education through a hybrid education ecosystem in India. Founder Alakh Pandey highlighted Sharma's blend of strategic clarity and operational excellence.

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