Edtech Startup Physics Wallah Partners With Xylem To Invest RS500 Crore

In order to invest Rs 500 crore over the next three years, Kerala-based edtech business Xylem Learning and unicorn edtech startup Physics Wallah have formed a strategic collaboration. This was announced on Sunday. The agreement aims to increase Physics Wallah’s visibility in the southern market.

Alakh Pandey, the founder and CEO of Physics Wallah said in a statement that, “integrates with our common goal of ensuring that everyone has access to high-quality education and moves us one step closer to our strategic objective of dominating the South Indian education market”.

Strategic equity and monetary investments in Xylem as well as business expansion are part of the cooperation.

“We will invest Rs 500 crore in three years to disseminate the daring and distinctive Xylem model of hybrid learning – it is a particular result-oriented learning plan. Strong team building, content creation, technical innovation, expansion into more categories, and hybrid centers will all be necessary to achieve this. Additionally, Pandey stated, We will examine mergers and acquisitions in the South”.

Ananthu S, a 26-year-old MBBS alumnus who founded Xylem Learning, says the company is well-established in Kerala and is now looking to expand to Tamil Nadu, Andhra Pradesh, and other southern regions.

Through its 30 YouTube channels, Xylem currently offers free classes to over three million students. Additionally, it has 30,000 students enrolled in its offline or hybrid centres spread out across Kerala’s five districts, as well as more than 1 lakh paying students enrolled in its different online courses.

Additionally, it runs a school-integrated programme at seven different schools and ten tuition sites. Additionally, it has dabbled in the world of commerce and test preparation for the Kerala Public Service Commission.

Built on the sharing of technology and knowledge, the partnership will make the most of each platform’s advantages to provide South Indian JEE and NEET aspirants with a learning experience.

According to Ananthu, the relationship is motivated by the ideas of accessibility, dependability, and democratization of education.

“With a 25% Ebitda in FY24, we hope to boost our revenue from Rs 150 crore in FY23 to Rs 300 crore. Since we are both committed to helping students obtain a high-quality education at an affordable price, Alakh Pandey’s objective nicely complements our own”, he said.