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In a strategic partnership with edtech platform Xylem Learning, unicorn firm Physics Wallah has agreed to invest INR 500 cr over the next three years. The collaboration aims to increase Physics Wallah's reach in the south.
Strategic equity and financial investment in Xylem, as well as business expansion, are part of the cooperation, as per reported by The Economics Times.
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"This partnership with Xylem Learning fills me with immense excitement and pride. It not only aligns with our shared vision of providing quality education to all but also propels us closer to our strategic goal of becoming the leading education platform in South India," Physics Wallah founder and chief executive Alakh Pandey said in a statement.
The southern markets of Tamil Nadu, Andhra Pradesh, and other states in the region are now on the Xylem Learning company's expansion agenda.
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"In three years we will invest Rs 500 crore to propagate the brave and unique Xylem model of Hybrid Learning to other adjoining sister states - it is a special result-oriented plan of learning which has specially impressed me. To do this, it will require robust team building, content development, technological innovation, expansion in other categories and hybrid centres. We will also look at mergers and acquisitions in the South," said Pandey.
"We aim to achieve Rs 300 crore revenue with 25% Ebitda in FY24, up from Rs 150 crore in FY23. Alakh Pandey's vision perfectly aligns with ours, as we are both dedicated to making quality education accessible and affordable for students," Ananthu S, founder of Xylem Learning said.
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About Physics Wallah
Physics Wallah family has crossed over 6M+ students and is continuously raising its bar in the field of education, giving everything that students need with best-in-class faculty to support them in achieving their dreams. Observing the financial implications of many enrolling in expensive online courses, PhysicsWallah focuses on providing affordable education to help students ace various entrance exams.
About Xylem Learning
A mobile and AI-based application called Xylem Learning offers options for entrance exam preparation. The platform provides study aids for tests like NEET, JEE, and KEAM. The platform provides a variety of learning options, including video lessons, timetables, instructors, and online courses. Both Android and iOS mobile devices can use its mobile app.
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