Monday, September 26, 2022
HomeInsightNews & UpdatePhysicsWallah Acquires Edtech Startup FreeCo

PhysicsWallah Acquires Edtech Startup FreeCo

Edtech unicorn PhysicsWallah has acquired FreeCo, a doubt-solving and resource management startup for an undisclosed amount. 

Edtech unicorn PhysicsWallah has acquired FreeCo, a doubt-solving and resource management startup for an undisclosed amount. 

Through this acquisition, PhysicsWallah will be able to strengthen its existing services and enhance the learning experience for students. In addition, both the companies will work together in domains such as content library, faculty management and efficient use of resources across the two startups.

Through this deal, Physicswallah will add 15 FreeCo employees to its rolls.

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The Jaipur-based FreeCo was founded in 2020 by Prashant Soni and Nikhil Chaudhary, It is a doubt-solving and resource management startup that caters to both B2B and B2C clients.

FreeCo provides content services, online tutoring, pen tab video solutions among other services.

The Noida-based PhysicsWallah was founded in 2020 by Alakh Pandey and Prateek Maheshwari, It helps students to prepare for NEET and IIT JEE exams and other competitive exams. It claims that it has helped over 10,000 students crack NEET and JEE exams in the last two years.

“With FreeCo’s expertise in the ed-tech space, we are confident in innovating our existing learning pedagogies and offering enhanced learning solutions to aspirants. We aim to simplify learning for students using advanced tools and technologies, making it more accessible and learner-oriented,” said, Alakh Pandey, co-founder & CEO of PhysicsWallah.

PhysicsWallah has also forayed into the offline space with the launch of ‘PW Vidyapeeths’ at six locations, including Kota and Delhi, in the last two months.

In June this year, Physicswallah became unicorn after it had raised $100 million in a Series A funding round from Westbridge, GSV Ventures, and others.

About FreeCo

FreeCo is one of the rapidly growing Ed-Tech startups in India that is also at the forefront to offer high-quality content and Premium Management Services to various organizations, Individuals working in the Education field, and Educational Institutions.

Read also – [Funding alert] Mool rasies funding from NextGen Technology Fund

Their Prime Services include Video & Textbook Solutions, Doubt Solving, Online Tutoring, Payroll Management, Animated Videos, Freelance Management, RPA for Task Management, and more. They act as a Mediator for Freelancers & Interns to connect them with numerous career opportunities to achieve financial independence and grab various skills and experience in the emerging Ed-Tech Industry.

Their team believes in providing a one-stop solution to all the Ed-Tech clients to ease operating their companies in this highly competitive market. With 28+ National & International Clients, 624232+ Textbook Solutions, and 72340+ Video Solutions, FreeCo is looking forward to helping users hit a home run in Ed-Tech.

About PhysicsWallah

PhysicsWallah 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.

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