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PW founder Alakh Pandey waives off fee worth RS 17 crore for 51,000 students

IndianStartupNews

IndianStartupNews · 1y ago

PW founder Alakh Pandey waives off fee worth RS 17 crore for 51,000 students

Physics Wallah, the edtech unicorn, has waived off fees worth Rs 17 crore for 51,000 underprivileged students for the academic year 2023-24. This initiative is part of the company's Right to Education program, which aims to support economically weaker students by covering various courses such as NEET, JEE, commerce, arts, and standard 9-12 coaching. The fee waivers are designed to ensure that financial constraints do not hinder students' right to education.

Related News

PhysicsWallah launches Rs 250 Cr Scholarship Fund for JEE/NEET aspirants

Entrackr

Entrackr · 1y ago

PhysicsWallah launches Rs 250 Cr Scholarship Fund for JEE/NEET aspirants

Edtech firm PhysicsWallah (PW) has announced a scholarship fund of Rs 250 crore through its third edition of the NSAT (National Scholarship Common Admission Test) 2024. This initiative aims to help students aspiring to excel in NEET-UG and IIT-JEE exams by providing top-quality education and expert guidance, regardless of their financial situation. The NSAT exam will be held online from October 1 to October 15, 2024; and offline on October 6 and October 13, 2024 at selected centers. The registration for the NSAT 2024 program has officially begun, inviting students from Class VI to XII, including those in PCM and PCB groups. According to PW, the top 1,000 students who excel in these exams will receive a 100% scholarship, including accommodation. Among these, special consideration will be given to the top 500 underprivileged students. Co-founded in 2020 by Alakh Pandey and Prateek Maheshwari, PW offers education at scale across India through online, offline, and hybrid platforms. Its offerings span various educational segments, including schools, test preparation in more than 43 categories, a skilling vertical, higher education, and study abroad (AcadFly). PW has raised $100 million in funding from investors like Westbridge and GSV Ventures.

IIT Varanasi graduate Satish Sharma joins PhysicsWallah as chief marketing officer

IndianStartupNews

IndianStartupNews · 1m 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.

Physics Wallah launches PW Gurukulam School in Gurugram

IndianStartupNews

IndianStartupNews · 1y ago

Physics Wallah launches PW Gurukulam School in Gurugram

Physics Wallah, the edtech unicorn led by Alakh Pandey, has entered the traditional schooling system with the launch of PW Gurukulam School in Gurugram. The school aims to enroll 400 students in its first batch and offers a curriculum aligned with the National Education Policy 2020. It focuses on all-inclusive education, innovation, and culture, with an emphasis on experiential learning and skills like financial literacy and entrepreneurship. The launch reflects Physics Wallah's expansion beyond online learning and its dedication to enhancing educational opportunities in India.

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 appoints former Blinkit executive as CFO

Entrackr

Entrackr · 9m ago

PhysicsWallah appoints former Blinkit executive as CFO

Edtech unicorn Physics Wallah (PW) has appointed former Blinkit executive Amit Sachdeva as its new chief finance officer (CFO). Sachdeva will lead the strategic and financial initiatives at the company, the appointment will also plant to ramp up its financial oversight and sustainable growth. Sachdeva has more than two decades of experience and has worked for multiple companies, including IGT Solutions and Wipro. “Amit’s experience in financial leadership and his focus on robust corporate governance will be invaluable as we continue our efforts to grow and broaden our educational impact. His approach to finance as a transformative tool aligns with PW’s goals,” said Alakh Pandey, CEO of Physics Wallah. Initially launched as a YouTube channel in 2014, Physics Wallah claims to offer free education to over 4.6 crore (46 million) students through its more than 112 YouTube channels in five vernacular languages. It has 5.5 million paid students. In September, Physics Wallah (PW) raised $210 million in a Series B funding round led by Hornbill Capital. According to data intelligence platform TheKredible, the company’s revenue from operations surged to Rs 1,940.4 crore in FY24, compared to Rs 744.3 crore in FY23.

Alakh Pandey’s PW to offer full tuition waivers for children of SSB martyrs and personnel

IndianStartupNews

IndianStartupNews · 1m ago

Alakh Pandey’s PW to offer full tuition waivers for children of SSB martyrs and personnel

Physics Wallah (PW), led by Alakh Pandey, has partnered with the SSB Wives Welfare Association, Sandiksha, to provide full tuition waivers for children of Sashastra Seema Bal (SSB) martyrs. This initiative also offers a 35% scholarship for offline and a 25% scholarship for online courses to children of serving and retired SSB personnel. The scholarships cover various competitive exam preparation courses, accessible through PW's online and offline centers across India.

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.

It's good that PhysicsWallah didn't get funding initially: CEO

YourStory

YourStory · 1y ago

It's good that PhysicsWallah didn't get funding initially: CEO

Alakh Pandey, Founder and CEO of Physics Wallah, shared his journey from humble beginnings to building a unicorn at TechSparks 2023. He emphasized the advantages of starting from the basics and doing various roles within the company. Physics Wallah began as a YouTube channel and now provides online learning experiences in multiple categories, boasting over a crore subscribers on YouTube. Pandey expressed optimism about the company's financial prospects, projecting a sizable profit and significant revenue increase for the ongoing financial year. Additionally, he emphasized the importance of health and happiness.

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 founder Alakh Pandey files PIL on NEET results

Economic Times

Economic Times · 1y ago

PhysicsWallah founder Alakh Pandey files PIL on NEET results

Alakh Pandey, the founder of PhysicsWallah, has filed a public interest litigation (PIL) with the Supreme Court regarding the controversy surrounding the NEET-UG 2024 examination. In the appeal, Pandey has requested a thorough investigation by an independent committee to address allegations of leaked question papers and irregularities in awarding grace marks. He has also urged the court to order a re-examination. Another plea has been filed against the National Testing Agency (NTA) regarding the alleged paper leak, with a request to halt counselling proceedings for medical seat allocation until the matter is resolved. The NTA has denied any irregularities.

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