India’s only profitable edtech start-up is trying to raise funds not because it needs the money, but to increase its valuation and for potential M&A deals.
PhysicsWallah said while it will leverage Knowledge Planet’s school partnership machinery to reach students in UAE, the latter will benefit from PW’s tech stack to strengthen its online and hybrid offerings.
PhysicsWallah CEO Alakh Pandey contributed towards the ‘samuhik vivah’ or mass marriage of 300 couples in Prayagraj, Uttar Pradesh.
Alakh Pandey took to social media to share photos from the meeting, where they spoke at length about India's education system.
PhysicsWallah founder and CEO Alakh Pandey married Shivani Dubey on February 22. Their wedding reception was attended by Aman Gupta, Prafull Billore and other entrepreneurs.
With this venture, the companies plan on leveraging each other's core competencies to deliver value-adding education across all examinations and jointly make a foray into new exam categories.
PhysicsWallah CEO Alakh Pandey will contribute to the mass weddings of 300 couples under the Uttar Pradesh government’s ‘Samuhik Vivah Yojana’.
PhysicsWallah founder and CEO Alakh Pandey married girlfriend Shivani Dubey in a private ceremony on February 22.
The student manhandled in the video had raised a dispute at their Kota Centre regarding teacher quality, sources said.
Alakh Pandey, dropped out of college in his third year to teach physics at an institute in Kanpur. He then founded PhysicsWallah which raised $100 million in Series A Funding, becoming a part of the list of unicorns in India last year.
From OYO’s Ritesh Agarwal to PhysicsWallah’s Alakh Pandey - here is a look at the Indian entrepreneurs who will tie the knot in the coming weeks.
OfBusiness and Infra.Market were the only two unicorns having a profit of more than Rs 100 crore for FY22
PhysicsWallah Chief Growth Officer Vivek Gaur said that the company expects to close the current fiscal year with four times growth in revenue over Rs 1,000 crore.
S Chand, along with wholly-owned subsidiaries Vikas Publishing and Chhaya Prakashani, had acquired a minority stake in iNeuron Intelligence, an AI and data sciences-focused edtech platform, in December 2021 in two tranches
PhysicsWallah reported a net profit of Rs 97.8 crore for FY22, up nearly 14 times from its FY21 profit of Rs 6.93 crore. Its revenue from operations grew nearly 10-fold during the period to Rs 232.5 crore from Rs 24.6 crore in FY21
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PhysicsWallah has acquired three companies since it became a unicorn in June this year. In August, the company had acquihired edtech startup FreeCo to enhance its existing services
According to an industry expert, growth-stage companies should not value themselves at more than 10 times their forward revenue multiple. Many edtech unicorns have raised had raised multi-million dollar rounds in 2021 at sky-high valuations.
From Nykaa to Zoho and Swiggy, the prestigious awards ceremony will honour the biggest s of the Indian start-up scene
The Instagram account of Alakh Pandey has been blocked on charges of impersonation which the co-founder and CEO of PhysicsWallah says are bogus.
Vohra, 19, has in fact become the youngest Indian and the first teenager to have personal wealth of at least Rs 1,000 crore, thanks to an over 50 percent rise in the valuation of Zepto, which he founded with Aadit Palicha in 2020, the report titled IIFL Wealth Hurun India Rich List 2022, showed. Palicha, 20, has also made it to the list.
PhysicsWallah’s comments on profitability and the company’s expansion plans come at a time when edtech companies in India have struggled with softening demand post the pandemic amid reopening of schools, colleges and physical tuition centers.
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.