Physics Wallah partners with Xylem, plans Rs 500 crore investment

Unicorn education technology firm Physics Walah has entered into a strategic partnership with Kerala-based education technology company Xylem Learning, under which it plans to invest Rs 500 crore over the next three-year period, the company said on Sunday.

The partnership aims to strengthen Physics Wallah (PW)’s presence in the southern market.

“This partnership with Xylem Learning fills me with great excitement and pride. It not only aligns with our shared vision of providing quality education to all but also brings us closer to our strategic goal of becoming the leading education platform in South India,” PW Founder and CEO Alakh Pandey said in a statement. .

The partnership includes strategic equity and cash investments in Xylem and expansion of operations.

“Within three years, we will invest Rs 500 crore to roll out our courageous and unique ‘XYLEM Hybrid Learning Model’ to other neighboring sister countries – it is an outcome-oriented private education scheme that has particularly impressed me.

“To do this, it will require strong team building, content development, technological innovation, expansion into other categories and hybrid centers. We will also look at mergers and acquisitions in the south,” Pandey said.

Founded by 26 year old MBBS graduate Ananthu S, Xylem Learning claims to have a strong presence in the Kerala market and now plans to expand into Tamil Nadu, Andhra Pradesh and other southern markets.

Currently, Xylem Learning provides free lessons to more than 3 million students through 30 YouTube channels. In addition, it has more than 1 lakh paying students across its various online courses and 30,000 students in its offline or hybrid centers located in five major districts of Kerala.

It also operates 10 learning centers and an integrated school program across seven schools. It has also entered into trade and Kerala PSC test preparation and will continue to expand into other categories.

Based on the exchange of technology and knowledge, the collaboration will leverage the strengths of both systems to offer learning experience to JEE and NEET aspirants in South India.

Ananthu said the partnership is driven by the principles of affordability, trust and democratization of education.

“We aim to generate revenue of Rs 300 crore with 25% EBITDA in FY24, up from Rs 150 crore in FY23. Alakh Pandey’s vision is fully aligned with ours, as we are committed to making quality education accessible and affordable for students.”