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Hornbill Orchid in talks to lead PhysicsWallah's $150-million funding at $2.8 billion valuationThis will be the second funding round for PhysicsWallah, started by Alakh Pandey, a popular teacher, in 2016 as a YouTube channel providing...- Edtech unicorn Physics Wallah’s FY23 revenue jumps three-fold to Rs 772 crore, profit fallsPhysics Wallah reported a fall in its net profit to Rs 16 crore in FY23 from Rs 98 crore in the previous fiscal, on account of a jump in it...
- Banks wary of credit on UPI by fintechs; layoffs at edtech unicorn Physics WallahIndian fintechs are eyeing credit lines on UPI as their next big growth opportunity but banks want to put the brakes on the growth of unsec...
- Edtech startup Physics Wallah lays off 120 staffers after performance evaluationThe decision, undertaken after a mid-term appraisal analysis ended in October, is aimed at ensuring Physics Wallah’s primary focus on maint...
- Physics Wallah to acquire 50% stake in Xylem for Rs 500 crore over three yearsThe deal involves the purchase of fresh shares and a part of the stake held by Xylem’s existing investors in cash and stock. A portion of t...
- PhysicsWallah developing products to enter K-12 segmentIts plan to enter the K-12 segment comes at a time when funding has slowed down in the edtech sector, with investors becoming cautious as d...
- PhysicsWallah forays into upskilling with iNeuron acquisitionThe startup, valued at $1.1 billion, startup will acquire iNeuron.ai from National Stock Exchange-listed publishing and education services ...
- Consumer internet firms seek clarity on telecom bill; exclusive interview with Wipro CEOThey are seeking a clearer definition of “communication” and “over-the-top” service providers in the new rules, the sources said.
- Physics Wallah makes two new acquisitionsThe acquisitions have come at a time when Physics Wallah is eyeing new acquihires this year, as it looks to expand geographically, strength...
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