Physics Wallah to Invest Rs 120 Crores in Strengthening PW Skills Platform, Aims to Bridge Tech Skills Gap

• ByStartupStory     |    May 27, 2023

Physics Wallah, the profitable edtech unicorn, plans to invest Rs 120 crores over the next two to three years in strengthening its upskilling platform, PW Skills. This strategic move aims to address the disparity between the demand and availability of professionals equipped with contemporary tech skills.

“The first part of the investment will go into our tech. The second set of our investments will go into our community. We try to offer a lot of courses for free. We have launched over 10 popular programmes for our community. The third set of deployments will happen in our job platform. With our partnerships, we are trying to accumulate all jobs on a single platform,” Sudhanshu Kumar, CEO, PW Skills told.

In 2022, the edtech startup introduced PW Skill, a comprehensive platform encompassing PW Virtual Lab, an immersive experience portal, a job portal, and an online community.

“So far we have reached out to almost 1.5 lakh students. Out of that 50,000 students are basically paid students and we are trying to focus on Tier 2 and Tier 3 cities so that people there can avail a premium grade education with the complete integration of an ecosystem starting from course,” added Kumar.

According to PW Skills, a significant majority of students, approximately 85-86 percent, hail from rural areas and small towns across India.  “Bihar, Jharkhand, Madhya Pradesh, Uttar Pradesh — these are the states from where we are getting lots and lots of enrollment,” stated Kumar.

Through its dedicated job portal, PW Skills provides valuable placement assistance to learners. The platform has established partnerships with more than 250 prominent companies, such as Tata IQ, Siemens, Leadsquared, SAP, Oracle, KPMG, and Amazon. 

“In the last three years, we have placed approximately 10,000+ students in product-based companies, MNCs and well-funded startups. We are planning to host a big job fair for PW Skills students very soon,” said Kumar.

At present, PW Skills provides hybrid courses in various tech disciplines such as data science, Java, C++, and full-stack web development, among others. These courses are offered at highly competitive prices, starting from Rs 3,500. With an objective to bolster India’s talent pool, the company intends to venture into emerging fields such as blockchain, cybersecurity, and AR/VR. By doing so, PW Skills aims to cultivate a skilled workforce of 10 lakh individuals in the technology sector within the next three years.

“We will try to expand this entire skill domain maybe into some non-technical courses. A huge set of people staying in Tier 2-3 cities, would like to get into non-tech courses like additional marketing, MBA or finance-related courses,” added Kumar.

In FY23, PhysicsWallah witnessed an impressive three-fold surge in revenue, reaching Rs 780 crore in comparison to Rs 233 crore in FY22. The company anticipates a remarkable growth trajectory, with revenue projected to increase by over 10-fold to Rs 2,500 crore in FY24.

“For the PW Skills, we are planning to clock $10 million in ARR this year,” added Kumar.

Last year, the edtech unicorn backed by Westbridge Capital made a notable acquisition by purchasing iNeuron Intelligence for Rs 250 crore. This strategic move aimed to enhance the company’s presence and offerings in the upskilling domain.  

Moreover, PW Skills recently entered into a partnership with NSDC, with the shared goal of providing affordable skilling, reskilling, and upskilling opportunities to learners. 

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