PHYSICS WALLAH SCHOOLS
WestBridge books 2.6x return on Rs 130-crore partial PhysicsWallah exit
WestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing lows. It is likely to continue trimming its stake in the current quarter, people aware of the matter told ET.
PhysicsWallah Q1 loss narrows 31%; retains FY27 growth target
The company reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 52 crore, compared with a Rs 21 crore loss a year earlier. Other income nearly doubled to Rs 109 crore. Excluding other income and accounts for lease payments, the company remained loss-making at Rs 44 crore, although the loss narrowed from Rs 89 crore.
Delhi HC says it may protect PhysicsWallah founder Alakh Pandey from commercial misuse of his personality
The Delhi High Court may grant interim protection to Alakh Pandey. His personality is being commercially exploited without permission online. The court will not issue a blanket order on all content. Pandey must categorise alleged violations before any order. The matter is listed for August 5 for a specific ruling.
PhysicsWallah revises lending strategy, to partner with NBFCs for student loans
In a filing on June 4, the company said it will now tie up with third-party non-banking financial companies (NBFCs) instead of lending through its books, as had been envisaged with the FinZ infusion. The edtech will henceforth work as a technology platform that connects its students to a curated list of regulated lending partners.
He lost his home as a child, once earned only Rs 5,000 per month. Today his net worth is over Rs 100 crore and he’s giving free UPSC preparation to rural kids. Who is Alakh Pandey?
Alakh Pandey, who faced childhood poverty, now leads Physics Wallah. He has upgraded a village school in Greater Noida into a learning hub. This institution features a digital library with over 1000 books and 30 laptops. It provides free internet and air conditioning. The library supports rural students preparing for competitive exams like UPSC and NEET.
CCPA slaps fines on PhysicsWallah, McAfee for 'Dark Pattern' practices
India's consumer watchdog has fined edtech firm PhysicsWallah and cybersecurity company McAfee. They were found using deceptive interface designs, known as dark patterns. These tricks manipulated users into unintended actions. PhysicsWallah faces a Rs 5 lakh penalty, while McAfee is fined Rs 1 lakh. Both companies must immediately remove these practices from their platforms.
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Policybazaar founder warns of insurance squeeze; IT's buying spree
Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. This and more in today’s ETtech Morning Dispatch.
PhysicsWallah dials down schools push after investor unease
PhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away from capital-intensive school operations. This pivot aims to reassure investors by focusing on school partnerships and online platforms, while limiting K-12 revenue contribution to less than 1%.
Once he lived in a slum, couldn’t study for IIT. Today, he’s richer than Shah Rukh Khan, with net worth over Rs 14,000 crore
Alakh Pandey, founder of Physics Wallah, shared his inspiring journey from poverty to immense wealth on The Great Indian Kapil Show. Forced to give tuitions in sixth grade after his family lost their home, Pandey's personal struggles fueled his mission to make quality education accessible. His edtech platform's success has propelled his net worth to an astounding Rs 14,510 crore.
CA shares wealth formula after Physics Wallah's Alakh Pandey vs Shah Rukh Khan's networth comparison
Bollywood superstar Shah Rukh Khan vs Physics Wallah co-founder Alakh Pandey: A single comparison about their wealth had set the social media buzzing when it came out last year and triggered conversations around how modern wealth is being built in India. Reopening the debate, a chartered accountant shared insights on how wealth can be created in today's modern world in a short span of time.
2025 Year in Review: IPO, offline push and M&As change maths for test-prep sector
India’s test-preparation segment stayed resilient in 2025 even as large parts of edtech grappled with post-pandemic fatigue, slower enrolments, and weak business models. The year was divergent for the sector: PhysicsWallah went public, while Unacademy is negotiating a sale to Upgrad at a fraction of its peak valuation.
PhysicsWallah increases stake in Utkarsh Classes to 76%
The infusion of Rs 26.5 crore is part of a February 2023 agreement, under which the edtech firm plans to gradually acquire full ownership of Utkarsh Classes by March 2028.
Edtech firm Educational Initiatives acquires Open Door Education for undisclosed amount
Educational Initiatives (Ei), which has built tools to measure and improve learning outcomes of students through Ei ASSET, Ei Mindspark, and Ei CARES, operates on a B2B model and has about 1,000 schools on its network. Besides India, Ei has operations in the UAE, South Africa, Qatar, and Kuwait.
ET Startup Awards 2025: Nominees for Startup of the Year
The ET Startup of the Year will be characterised by breakthrough innovation, top-class execution and fast-paced growth. The quality of the founding and management team was an important component in decision making.
NSDC International and edtech PhysicWallah launch ‘BIG initiative’ for education
This programme is launched with the aim of developing India into a global education hub. The edtech startup said in a statement that the initiative will concentrate on bridging the gap between education and employability through flexible, technology-driven learning pathways. The partnership aligns with recent developments, including UGC guidelines allowing online courses and the National Education Policy (NEP) 2020's focus on flexibility in education.
ETS India signs MoU with Physics Wallah to help study-abroad aspirants prepare for TOEFL, GRE
To provide holistic guidance and support to students aspiring to study in leading international universities and help them prepare for the GRE and TOEFL exams, Educational Testing Service (ETS) India has signed a memorandum of understanding with Physics Wallah (PW). As part of the collaboration, students will be provided free one-on-one counselling sessions.
Physics Wallah says cautiously monitoring market for opportunities
The edtech raised $100 million in Series A funding from Westbridge and GSV Ventures at a valuation of $1.1 billion in 2022. The Noida-headquartered company also said it has enough cash in the bank before the next round of fundraising.
Indian edtech companies eye larger offline play in post-pandemic world
The edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms of funding and layoffs, particularly in the tuition, K12 and test-prep segments.
Physics Wallah to acquire 50% stake in Xylem for Rs 500 crore over three years
The deal involves the purchase of fresh shares and a part of the stake held by Xylem’s existing investors in cash and stock. A portion of the investment will be towards enhancing the learning models of Xylem.
Edtech startup Physics Wallah enters into partnership with Xylem, plans Rs 500 crore investment
Founded by a 26-year old MBBS graduate Ananthu S, Xylem Learning claims to have a strong presence in the Kerala market and plans to now expand to Tamil Nadu, Andhra Pradesh, and other southern markets.
ETMarkets Management Talk: Physics Wallah records 3x jump in FY23 revenue, FY24 target of Rs 2,500 crore: Prateek Maheshwari
We experienced a remarkable three-fold increase in revenue, generating approximately Rs 780 crore ($95 million) in FY23 compared to Rs 233 crore in the previous year. We anticipate that the company will register a sizable profit for the year, indicating that our revenue growth is likely to translate into a significant increase in profits. We will continue to maintain the momentum of our growth in the future.
PhysicsWallah to invest $10 million in its school-integrated programme
Currently, the programme is rolled out in 39 schools across 34 districts spread across 10 states in the country, including Uttar Pradesh, Uttarakhand, Bihar, Assam, Jharkhand, Maharashtra, Gujarat, Madhya Pradesh, Rajasthan and Haryana, he added.
PhysicsWallah developing products to enter K-12 segment
Its plan to enter the K-12 segment comes at a time when funding has slowed down in the edtech sector, with investors becoming cautious as demand for online courses has taken a hit after the reopening of schools and offline coaching centres.
Alakh Pandey, PhysicsWallah CEO plans to tie the knot with journalist Shivani Dubey
Shivani Dubey and Alakh Pandey got engaged in May of last year. Like Alakh, Shivani is also a resident of Prayagraj. She is a journalist and loves to write about entertainment, leisure, culture, politics, and social trends. Throughout her career, she has collaborated with a number of magazines, including i-D, Refinery29, ELLE, VICE, and many more.
2022 Year in Review | As the pandemic bubble bursts, edtechs back in class
Edtechs are expected to move away from the K-12 business model in the coming year. They are also expected to focus on priorities such as a bigger offline play, tapping international markets with higher disposable incomes, and digitising the existing school system.
PhysicsWallah forays into upskilling with iNeuron acquisition
The startup, valued at $1.1 billion, startup will acquire iNeuron.ai from National Stock Exchange-listed publishing and education services firm S Chand and Company for about Rs 14 crore ($1.7 million)
Offline centres aren't a sign of edtech's failure, says Unacademy CEO Gaurav Munjal
Several edtech firms have set up offline centres in the past few months as traditional schools have reopened. Unacademy last week announced the launch of two offline learning centres in Kota, Rajasthan.
Newly-minted unicorn PhysicsWallah zeroes in on personal coaching space
The bootstrapped startup raised $100 million last week in its maiden funding round, led by WestBridge Capital and GSV Ventures, making it the latest edtech firm to enter the unicorn club, or those privately held companies with a valuation of $1 billion or more.
Online learning platform Physics Wallah enters unicorn club with $100 million funding
WestBridge Capital and GSV Ventures lead the funding round valuing the edtech startup at $1.1 billion
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