PhysicsWallah Launches 50 Vidyapeeth Centers Across India with $10 Mn Investment

• ByStartupStory     |    May 2, 2023

PhysicsWallah, an edtech unicorn, has recently launched 50 offline centres across India, named ‘Vidyapeeth Centers’, with a $10 Mn investment in technology innovation. The startup has established these centres in several states, including Delhi, Jammu & Kashmir, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Assam, Jharkhand, West Bengal, and Karnataka. PhysicsWallah had already set up 11 Vidyapeeth centres in the past.

According to PW co-founder Prateek Maheshwari, Vidyapeeth centres will provide students with more than 15 hours of support each day and the option to report any issue to the head office via the PW app. He further stated that Vidyapeeth is an offline classroom integrated with technology that provides students with cost-effective and comprehensive training, high-quality course material, and access to India’s best faculty. The edtech startup had previously planned to invest $5 Mn in the first phase to establish infrastructure for its school-integrated course, followed by the deployment of the remaining $5 Mn towards content creation, pedagogy development, and academic upgradation of schools.

PW’s Vidyapeeth centres guarantee students access to daily practice problems, homework monitoring, and video quizzes that can be accessed via the parent-student dashboard. According to PW founder Alakh Pandey, the startup’s goal is to assist parents in saving money that would typically be spent on hostel fees and other living expenses, which is usually twice the academic fees. Additionally, PW plans to conduct extra classes and regular tests for students while providing them with a test analytics dashboard to aid in their preparation for competitive exams.

Pandey and Maheshwari founded PW in 2020, primarily serving students preparing for engineering and medical entrance exams. The edtech startup offers educational content in seven languages: Hindi, English, Bengali, Marathi, Telugu, Kannada, and Gujarati. It has a subscriber base of over 22 Mn across 39 YouTube channels. According to PTI, the startup has surpassed 90K registrations in the current academic year and aims to reach 1.5 Lakh for JEE and NEET foundation exam preparation during the session.

According to a statement by PW, it has provided scholarships worth $12 Mn through its Scholarship and Admission Test (SAT) in the current academic year and is aiming to increase this to $20 Mn in the next year. Additionally, PW plans to onboard over 1,200 faculty members across India in the near future.

Despite the current challenges faced by the Indian edtech industry, PW has been able to maintain its financial growth. While other major players such as BYJU’S, Vedantu, and Unacademy have been struggling with losses, PW reported a net profit of INR 97.8 Cr in FY22, which is a significant increase of over 14 times YoY. In March, there were reports that PW was in discussions to raise a minimum of $250 Mn at a valuation of $3.3 Bn. According to Inc42’s Layoff Tracker, over 9,000 workers in the Indian edtech sector have been laid off since March 2022.

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