๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405

EntrackrEntrackr ยท 9d ago
PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405
Medial

Fintrackr All Stories PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405 PhysicsWallah has filed draft papers with SEBI to raise Rs 3,820 crore through IPO. Its financial statement shows the company significantly narrowing its losses on the back of strong revenue growth across online, offline, and hybrid channels. PWโ€™s operating revenue grew nearly 49% to Rs 2,887 crore in FY25 from Rs 1,941 crore in FY24. Income from coaching services remained the largest contributor at Rs 2,498.5 crore, with the online segment rising 45.5% to Rs 1,404 crore in FY25 from Rs 965 crore in FY24, while offline coaching grew 45.7% to Rs 1,352 crore from Rs 928 crore. The Average Revenue Per User (ARPU) in its offline channel has steadily improved from Rs 34,467 in FY23 to Rs 40,405 in FY25. The offline channel now contributes nearly 47% of the top line. Revenue from hostel fees and transportation added Rs 88 crore, and the sale of products jumped 74% to Rs 259 crore in FY25. India remained the core market contributing Rs 2,851 crore or 98.75% of the total operating revenue, while Dubai and the USA collectively accounted for Rs 36 crore or 1.25%. PhysicsWallah employed 5,096 faculty members in FY25, a 40% increase from 3,654 in FY24. Of these, 4,207 were permanent teachers while 889 were hired on a contractual basis. To support the larger base of faculty and other staff, the companyโ€™s spend on salaries grew nearly 28% to Rs 1,426 crore in FY25, accounting for 44% of its overall expenditure. Marketing expenses stood at Rs 448 crore for FY25. The company also spent Rs 123 crore on materials and Rs 366 crore on depreciation. Overall, PhysicsWallah kept its spending broadly flat at Rs 3,265 crore in FY25 as against Rs 3,279 crore in FY24. With controlled expenses and growing revenue, PW managed to bring down its burn significantly by 78.5% to Rs 243 crore in FY25 from Rs 1,131 crore in FY24. The company reported a positive EBITDA of Rs 192.5 crore in FY25 with an EBITDA margin of 6.33%. The companyโ€™s ROCE stood at -6.37%. On a unit level, the firm spent Rs 1.13 to earn a rupee in FY25, a sharp improvement from Rs 1.69 in FY24. The company reported current assets worth Rs 2,237 crore as of March 2025, including Rs 175 crore in cash and bank balances. The company disclosed a political contribution of Rs 37 lakh during FY25. As per DRHP, co-founders Alakh Pandey and Prateek Boob hold the largest stakes in the company at 40.35% each, followed by WestBridge Capital with 7.8%, while Hornbill Capital, GSV Ventures, and Lightspeed hold 4.42%, 2.85%, and 1.79%, respectively. PhysicsWallah acquired a 40% stake in UPSC coaching institute Sarrthi IAS.

Exclusive: PhysicsWallah in talks to acquire Drishti IAS for Rs 2,500 Cr

EntrackrEntrackr ยท 5m ago
Exclusive: PhysicsWallah in talks to acquire Drishti IAS for Rs 2,500 Cr
Medial

Edtech unicorn PhysicsWallah is in the advanced stages of acquiring offline coaching firm Drishti IAS Institute, according to three sources familiar with the matter. If finalized, this will mark the largest acquisition in the edtech space in the past couple of years. โ€œPhysicsWallah is spending around Rs 2,500โ€“3,000 crore to acquire the UPSC and state commissions preparatory platform,โ€ said one of the sources, requesting anonymity. โ€œThe two companies have been in talks since January this year, and the deal is likely to be finalized soon.โ€ The development comes at a time when PhysicsWallah is preparing for its initial public offering (IPO). The Noida-based company recently appointed three independent directors and is aiming to raise $500 million at a $5 billion valuation through the public listing. According to sources, the payment for the deal will be made in tranches and will be tied to future performance milestones. โ€œAlthough we have been meeting several people from different organisations (IPO Bankers, PEs & Edtech founders) for our future plans, nothing has been finalized so far. The information you are talking about is just a rumour which shouldn't be taken seriously at all,โ€ said Vivek Tiwari, CEO, Drishti IAS. Queries sent to PhysicsWallah did not elicit an immediate response. Drishti IAS, a 26-year-old educational platform that mainly provides offline coaching to help students prepare for the Civil Services Examination (CSE), reported Rs 405 crore in revenue with Rs 90 crore profit after tax (PAT) in FY24. Founded by Vikas Divyakirti, the Mukherjee Nagar Institute is the largest revenue contributor for Drishti IAS, accounting for 58% of the total coaching income, followed by Prayagraj, Jaipur, and Karol Bagh. On the other hand, nine-year-old PhysicsWallah has expanded into a full-fledged edtech platform offering live and recorded lectures, test series, study materials, and offline hybrid centers. The firm has raised over $300 million to date and was valued at around $2.8 billion during a $210 million Series B round in September last year. PhysicsWallahโ€™s revenue from operations surged to Rs 1,940.4 crore in FY24, compared to Rs 744.3 crore in FY23. However, following the rising expenditure, its losses deepened over 13X to Rs 1,131 crore in FY24 against Rs 84 crore reported in FY23. The potential deal aligns with PhysicsWallahโ€™s focus on offline coaching. Last year, the Lightspeed and WestBridge-backed company stated that it aims to achieve over Rs 1,000 crore in offline revenue by the end of FY25.

Kota-based institutes see admissions drop by 31% in 2024: Allenโ€™s Rajesh Maheshwari

EntrackrEntrackr ยท 1y ago
Kota-based institutes see admissions drop by 31% in 2024: Allenโ€™s Rajesh Maheshwari
Medial

Rajesh Maheshwari, founder director at Allen Career Institute, has acknowledged that admissions to Kota-based educational institutions have declined this year. In a note to educators, as seen by Entrackr, Maheshwari stated that admissions this year so far are down by nearly 31% compared to the previous year. He, however, attributed this decline to โ€œdisinformationโ€ [translated from Hindi] against the city of Kota. Maheshwari disclosed that there have been 46,000 admissions in the medical quota, which is down by nearly 33% from the previous year. Similarly, there have been less than 24,000 admissions in the IIT category compared to 33,000 last year. He added that total admissions are less than 80,000 this year, compared to 115,000 last year. โ€œWe stood together during a tough situation like COVID and showed the world why Kota is the frontrunnerโ€ฆ,โ€ Maheshwari said in the note [loosely translated from Hindi]. โ€œAllen has performed well in all examination categoriesโ€ฆ There has been good work in the areas of student care too, which has helped reduce disinformation,โ€ he added. It is worth noting that the admissions rates have been declining for a while. In September 2023, The Ken reported that Kota saw nearly a 20% decline in student admissions since June 2023. Kota, a city in Rajasthan, has become a major hub for students from across the country preparing for competitive exams, such as IIT or medical entrance tests. Institutions like Allen have been pioneers in establishing the city as an educational hub. The coaching industry is pegged to be worth Rs 6,000 crore. But there is a dark side to the city as well. While there is always a rush to get admissions in such institutions, the city is now mushroomed with small-sized hostels and paying guests. Moreover, there have been accusations of putting a high pressure on students to perform. In 2023, as many as 23 students died by suicide. It is worth noting that this number was 15 in 2022. In a bizzaire order in 2023, local administration ordered hostels to install a spring device on ceiling fans, dubbed as โ€˜anti-suicideโ€™ device. Maheshwariโ€™s comments come amid ongoing controversies over cancellations of several key examinations over paper leaks. There have been sporadic protests as well. As far as the Kota factory goes (pun intended), weโ€™re likely to see city-based institutes offer more lucrative facilities, discounts, and other incentives to retain students and compete with each other. However, weโ€™re not very sure if this will address the real despair of aspirational students in the country. We have reached out to Rajesh Maheshwari to understand more about the admissions and efforts to improve studentsโ€™ care. We will update the copy as soon as we hear from him.

Sportskeedaโ€™s parent Absolute Sports acquires assets of SoapCentral.com

EntrackrEntrackr ยท 1y ago
Sportskeedaโ€™s parent Absolute Sports acquires assets of SoapCentral.com
Medial

Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com and ProFootballNetwork.com, is close to acquire all of the assets of SoapCentral.com, a premier source of entertainment content in the US. The transaction is for an all-cash consideration of $1.4 million about Rs 11.6 crore and is expected to be closed in the next 30 days. In CY23, SoapCentral.com had revenues of $621,000 about Rs 5.2 crore. Absolute Sports will use its cash reserves to fund the transaction. This is the second acquisition for Absolute Sports in the US sports media market. Earlier this year, Absolute Sports had acquired a 73.27% stake in US-based Pro Football Network LLC. Absolute Sports, via its flagship brand Sportskeeda, covers sports and esports subjects and serves more than 100 million fans every month. In 2019, Nazara, listed on the stock exchanges, picked up a majority stake in the company, which was then a 10-year old business. With more than an average of 5 million unique monthly active users, Pro Football Network is widely recognized as one of the NFL-focused sports sites in the country. The company already operates SK Pop (Pop-Culture) and has experience scaling entertainment content under the SK-Pop banner. The company expects to unlock synergies with its content scaling and operating playbooks to establish Soap Central as a leading entertainment content destination for fans in the US.

Exclusive: Physicswallah revenue crosses Rs 3,000 Cr in FY25, cuts losses by 80%

EntrackrEntrackr ยท 23d ago
Exclusive: Physicswallah revenue crosses Rs 3,000 Cr in FY25, cuts losses by 80%
Medial

Edtech unicorn PhysicsWallah (PW) recorded strong growth in FY25, with a sharp rise in revenue and a notable cut in losses, according to Entrackr sources familiar with the companyโ€™s financials. Physicswallahโ€™s operating revenue grew by around 55% to over Rs 3,000 crore in the fiscal year ending March 2025. For background, the Delhi-based company recorded 140% year-on-year growth to Rs 1,940.4 crore in FY24 from Rs 744.3 crore in FY23. As per sources, the rebound was steered by the companyโ€™s offline push, which now contributes a major share of its topline. PW expanded its footprint to 200 centers in FY25 from 124 a year earlier. The growth was supported by a healthy teacher-student ratio and efficient seat allocation. By FY25, overall enrolments rose to 5 million from 3.6 million in FY24. The company has now expanded into over 30 test prep categories and increased offerings like more upskilling courses and IOI centers in multiple new cities, besides expanding its presence in the Gulf region. When it comes to the bottom line, the company narrowed losses in the range of 80% in the last fiscal year (FY25). Notably, PhysicsWallahโ€™s losses widened over 13X to Rs 1,131 crore in FY24 due to one-time non-cash charges of Rs 756 crore booked as fair value loss on compulsorily convertible preference shares (CCPS). The financial improvements come as PW gears up to go public. The company has received SEBIโ€™s nod to file its Draft Red Herring Prospectus (DRHP) and is planning to raise around Rs 4,500 crore through the IPO. The listing could value the company in the range of Rs 35,000-40,000 crore, according to sources. Founded in 2016 by Alakh Pandey and Prateek Maheshwari, PhysicsWallah has emerged as one of the few scaled edtech firms to maintain positive cash flows in previous fiscal years. With losses now under control, rising enrolments, and strong offline traction, PW is positioning itself as a rare success story in Indiaโ€™s embattled edtech sector, one that could set the tone for investor sentiment ahead of its market debut.

Extramarks losses drop by 85% to Rs 48 Cr in FY24, revenue slips 37%

EntrackrEntrackr ยท 7m ago
Extramarks losses drop by 85% to Rs 48 Cr in FY24, revenue slips 37%
Medial

Edtech platform Extramarks has made a significant turnaround in its bottom line, reducing losses by over 85%โ€”from Rs 330 crore in FY23 to Rs 48 crore in FY24. The firm's scale shrank by 37% during the fiscal year ending March 2024. Extramarksโ€™ revenue from operations declined by 36.86% to Rs 233 crore in FY24 from Rs 369 crore in FY23, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Founded by Atul Kulshrestha, Extramarks provides learning solutions for schools, students, and teachers. It offers Smart Class Plus, a tool designed to modernize traditional teaching methods in schools. The company earns revenue from subscription-based services like live classes, test series, school partnerships, and corporate training, which grew 18.54% to Rs 179 crore in FY24. However, its one-time product sales, including learning tablets, test preparation kits, and study materials, declined 75.23% to Rs 54 crore. The largest cost component, employee benefit expenses, declined 39.75% to Rs 144 crore in FY24. This sharp reduction was driven by a downsized workforce, as the company laid off over 500 employees and reportedly shut down its consumer-facing vertical in September 2023. The cost of materials saw an even sharper decline of 78.57%, settling at Rs 34.5 crore. However, finance costs rose 71.43% to Rs 36 crore. Overall, total expenses decreased 46.4%, falling to Rs 372 crore in the last fiscal year from Rs 694 crore in FY23. Effective expense management helped Extramarks significantly cut its losses, with a net loss of Rs 48 crore in FY24, an 85.45% reduction from Rs 330 crore in FY23. The company also improved its ROCE to -24.19% and EBITDA margin to -11.63% in the last fiscal year. On a unit basis, Extramarks spent Rs 1.60 to earn a rupee of revenue in FY24. The Noida-based company reported current assets worth Rs 190 crore in FY24 including Rs 49 crore of cash and bank balance. According to startup data intelligence platform TheKredible, Extramarks has raised a total of $44 million in funding from Reliance Industriesโ€™ Infotel Group. While Infotelโ€™s current stake in the firm could not be ascertained, it reportedly acquired a 38.5% stake in Extramarks in 2023.

Download the medial app to read full posts, comements and news.