PW acquiring Drishti IAS for โน2,500 Cr โ masterstroke or mistake waiting to unfold? A few years ago, BYJUโs acquired WhiteHat Jr, followed by Aakash and others. The result? Bloated burn, cultural mismatches, and post-acquisition chaos. Now PhysicsWallah, Indiaโs edtech unicorn that proudly scaled profitably, is buying Drishti IAS โ one of the most trusted names in UPSC coaching โ reportedly at a ~3x revenue multiple. On the surface, itโs a sharp move: โข Drishti has a strong Hindi belt UPSC hold โข โน405 Cr revenue and โน90 Cr PAT in FY24 โข Deep brand trust in a fiercely competitive category But acquisitions are like arranged marriages.Everything looks great on paper. The real test is post-deal integration โ team morale, tech alignment, content transition, and student experience. BYJUโs failed to manage this with WhiteHat Jr. Will PW succeed where others didnโt? Is this PWโs leap towards a coaching empire that rivals traditional offline giants? I strongly hope they do.
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