EdTech platform PhysicsWallah announced the launch of 50 offline centres across India, with an investment of about $10 million in tech innovation.
The ‘Vidyapeeth Centres’ have been established in a number of Indian states, including Delhi, Jammu and Kashmir, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Assam, Jharkhand, West Bengal, and Karnataka. PhysicsWallah already operates 11 Vidyapeeth centres. The company intends to provide help for more than 15 hours every day, and students will be able to escalate any issue to the central office via the PW app.
The Vidyapeeth centres will provide a tech-integrated offline classroom with well-researched course content and India’s best professors, providing cost-effective and in-depth training. The centres promise to provide students with regular daily practise problems, homework supervision, and video quizzes via the parent-student dashboard.
The educational content is available in seven languages: Hindi, English, Bengali, Marathi, Telugu, Kannada, and Gujarati. It has nearly 22 million YouTube subscribers spread across 39 channels. PW, which was founded in 2020 by Alakh Pandey and Prateek Maheshwari, primarily serves students studying for engineering and medical admission exams.
According to PTI, PW has over 90,000 registrations in the present academic year and hopes to attain 1.5 lakh during the session for JEE and NEET foundation exam preparations. PW also claims to have given out $12 million in scholarships through its Scholarship and Admission Test (SAT) in the 2023-24 academic year. It intends to award $20 million in scholarships in the upcoming school year.
In addition, PW stated in a statement that it intends to hire around 1,200 faculty members across India in the coming days. PW has managed to strengthen its books despite a number of internal and commercial problems. While other edtech companies such as BYJU’S, Vedantu, and Unacademy are losing money, PhysicsWallah reported a 14X year-on-year (YoY) increase in net profit to INR 97.8 crore in FY22.
