The Infosys chairman’s comments on profitability come at a time when venture capital and private equity firms, investment bankers and veterans are advising startups to prioritise profitability over growth
Meet the tuition teacher turned entrepreneur Alakh Pandey, the co-founder and CEO of PhysicsWallah, which became a unicorn in its first round. PhysicsWallah, which offers tutoring on subjects such as physics, math, biology, and economics, is hugely popular among JEE and NEET aspirants. Disruptive pricing and Alakh's unique approach to teaching has catapulted PhysicsWallah's popularity in recent years. On this episode of Bits to Billions, Pandey opens up on life after becoming a unicorn, his struggle and back story, why he is hatke as a founder and does not conform to stereotypes, the 75 crore offer that he refused, competition, what is next for Alakh Pandey and a motivating message for students
The total number of IIT aspirants this year is expected to top 22 lakh. But, with only 16,000 seats available across India’s 23 IITs, competition for every seat is intense. And since Kota churns out a large number of successful IIT aspirants every year, demand for the town’s classes and teachers has jumped post the pandemic.
Rahul’s story is a microcosm of lakhs of students who flock to Kota every year, with dreams of cracking competitive examinations that will guarantee them a place in a leading engineering or medical institution.
In this special series, Moneycontrol goes to ground zero to find out how a small town in Rajasthan became one of India’s biggest education hubs.
Westbridge Capital joins a growing list of PE and venture capital (VC) firms to raise large funds for India-focused companies
Vedantu joins a growing list of edtech unicorns to open offline tuition cetres. SoftBank-backed Unacademy, Byju's and Physicswallah have opened offline tuition classes across the country in a bid to capitalise on rising demand for offline coaching with the pandemic situation normalising.
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PhysicsWallah raised the money at $1.1 billion valuation, becoming India's 101st unicorn, the company said. PhysicsWallah said it plans to use the funds for business expansion, branding, opening more offline learning centres, and introducing more course offerings, the company added.
The slowing demand for technology-based education services, coupled with the much-talked-about funding winter, has had a domino effect on India's thriving edtech companies, forcing them to lay off employees, go slow on expansion, cut down excess spends and explore newer revenue streams. Some edtech companies have even shut operations
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"My students inspire me, that’s what keeps me going," says the PhysicsWallah cofounder who shunned an offer worth millions