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Edtech Physicswallah acquires additional stake in Xylem Learning
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Edtech firm PhysicsWallah on Thursday said it has invested an additional Rs 122.9 crore to raise its stake in subsidiary Xylem Learning to 77.27% from 64.98%.
The deal is part of a shareholder agreement of June 2023, under which the company aims to gradually acquire full ownership of Xylem Learning by FY30, it said in a filing.
Founded in 2020, Xylem Learning focusses on preparing students for entrance, government, and other competitive exams, such as JEE, NEET, and foundation courses, through both online and offline learning programmes.
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