Edtech Unicorn PhysicsWallah To Launch New Offerings.

As the pandemic eases in India, several ed tech companies are struggling as schools, coaching centers gain momentum. In a situation where several ed-tech platforms like WhiteHat Jr, Byju’s, and Unacademy are on a spree to cut off costs by laying off people in huge numbers, PhysicsWallah announces new features for its ed-tech portal.

Co-founder of PhysicsWallah announces expansion and rolling out new features such as doubt solving. Recently, PhysicsWallah became a unicorn start-up and expects its revenue for FY2022-23 around Rs. 1,200 crores. According to the co-founder and CEO Alakh Pandey, the company is witnessing an increased demand for all its courses, including core online offerings.

According to Alakh Pandey, PhysicsWallah crossed Rs.350 crore in the first quarter and estimates revenues to soar even higher by the end of the year. In addition, Pandey also shares that their marketing budget has increased comparatively. However, its revenue and profit margins have risen potentially.

PhysicsWallah launches one-on-one doubt sessions

As part of the expansion, PhysicsWallah launched ‘Saarthi’, one-on-one doubt clearing sessions wherein students can clear their doubts with a subject matter expert. However, Pandey further states they are not marketing aggressively as of now, owing to pricing. Currently, the main focus is to generate awareness about Saarthi’s pricing and inform students why its prices are higher than courses.

Alakh Pandey also reveals that PhysicsWallah will expand into other subjects like commerce and roll out local language tuitions on its platform. In addition, the commerce classes will be made available for students in 11th and 12th standards. Initially, courses will be available in Tamil, Kannada, and Gujarati.

PhysicsWallah is also considering launching post-graduate courses with post-medical and post-engineering courses. In addition, addressing the issue of several ed-tech companies letting go of employees left and right, Alak Pandey said the PhysicsWallah team will enhance its job guarantee by solving the issues revolving around jobs.

PhysicsWallah is a unicorn start-up that offers live classes, test series, and more at affordable prices. In addition, in Seris-A funding, it raised $100 million from its two top investors: GSV Ventures and WestBridge Capital.