Edtech unicorn Physics Wallah has acquired UAE-based startup Knowledge Planet in an undisclosed deal. This marks the first international acquisition by the Indian edtech unicorn.
With this partnership, Physics Wallah is looking to expand across the GCC region in the coming year. Further, it will also invest an undisclosed sum in the Dubai-based edtech company. EY acted as the advisor for this deal. Email queries sent to Physics Wallah and Knowledge Planet are yet to garner any response on the confirmation of the deal. However, a senior investment advisor from EY has confirmed the acquisition in a LinkedIn post.
According to reliable sources, the new entity will continue to grow, and the Knowledge Planet founders will continue to operate the Physics Wallah GCC entity.
“The plan is to focus on providing online and offline education to the Indian diaspora in the Gulf Cooperation Council region,” a source told YourStory Gulf Edition (YS Gulf).
Physics Wallah and e-learning platform Utkarsh Classes formed a joint venture last month to provide academic training and course offerings across multiple categories. In October 2022, the startup also acquired PrepOnline, an online learning platform for NEET, and Altis Vortex, a publisher of exam preparation books, for undisclosed sums.
