Hardeep Singh
PhysicsWallah, an educational technology company, has received a $100 million Series A investment from Westbridge and GSV Ventures. As a result, the business has become India’s 101st unicorn, and the second ed-tech organisation to accomplish so.
According to PhysicsWalla, this transaction is worth $1.1 billion in cash. According to a news release from Physicswallah, the company intends to use the funds to expand its business and the actual market, create additional PW learning centres, and add new course additions to its portfolio.
PhysicsWallah is an online and offline training and study material provider for JEE, NEET, and other engineering entrance and state board exams. Alakh Pandey founded it in 2016 and was subsequently joined by Prateek Maheshwari. The site provides live lectures, video lectures, test series, and interactive exercises for the previously stated tests.
The firm employs around 1,900 people, including 500 teachers and 90-100 IT professionals. It also has 200 academic partners on staff to help students with their enquiries, as well as another 200 experts who create exam questions and term papers.
PhysicsWallah offers 20 independent offices in 16 cities, including Delhi, Bhopal, Varanasi, Lucknow, Pune, Patna, and Ranchi, in addition to YouTube and apps. On YouTube, it has around 7 million subscribers.
PhysicsWallah, unlike many VC-backed ed-tech startups, made a profit of Rs 6.92 crore in FY21. During the fiscal year, the stage generated Rs 24.6 crore in revenue from tasks, and it has recently promised that income would increase by a factor of ten to Rs 350 crore in FY22.
PhysicsWallah has become the second bootstrapped training firm to get significant funding from institutional financial backers in the year 2022. ALLEN Career Institute, based in Kota, just received a $600 million investment from Bodhi Tree Systems.
About
Alakh Panday and Prateek Maheshwari founded PhysicsWallah, an online learning platform, in June 2020. Alakh Pandey has always been a dedicated student since he was a child. He wanted to study, and his dream was to get an IIT degree.
However, Alakh couldn’t fulfil his ideal because of his financial situation; his parents had to sell their home to support his education. Indeed, Alakh organised competitive examinations without the presence of anybody else, knowing how expensive coaching and guidance were. Alakh’s perseverance earned him admission to Harcourt Butler Technical University in Kanpur. Because of the situation at home, he began to teach JEE/NEET courses in remote teaching centres during his graduation. There he learned about the many challenges faced by undergraduates. Something about this sparked the creation of a YouTube channel.
Alakh’s need was to assist as many understudies as possible, thus he chose YouTube. He contributed $30,000, brought a camera phone, mount, and a whiteboard, and launched PhysicsWallah. The channel gained 10,000 followers throughout its first year. Undergraduates adored Alakh’s methods of instructing, and the viewpoints and supporter base grew rapidly. The Phyicswallah YT channel now has 7 million followers.
Prateek Maheshwari joined him in 2019. Prateek, an IIT BHU graduate, helped Alakh submit the PW application in May 2020. Because of the large number of downloads, the programme collapsed on Day 1; there were three lakh downloads in seven days. Alakh’s dream of earning an IITA degree remains unmet, but he is certain that none of his understudy’s dreams of getting into a good school remains unfulfilled. Physicswallah, which started with only one person, is now a 1500+ representative group with 6,000,000 understudies. Its worth has also surpassed the $1 billion mark.
Alakh Pandey has started four other Youtube channels, namely – 1) JEE Wallah, 2) Physics Wallah, 3) NCERT Wallah and 4) Competition Wallah.
