Physics Wallah Partners with Xylem, Plans Rs 500 Crore Investment By CIOTechOutlook Team

Physics Wallah Partners with Xylem, Plans Rs 500 Crore Investment

CIOTechOutlook Team | Monday, 19 June 2023, 02:50 IST

To invest Rs 500 crore over the next three years, Kerala-based edtech business Xylem Learning and unicorn edtech company Physics Wallah have formed a strategic collaboration. The collaboration aims to increase Physics Wallah's market share in the south.

"This partnership with Xylem Learning fills me with immense excitement and pride. It not only aligns with our shared vision of providing quality education to all but also propels us closer to our strategic goal of becoming the leading education platform in South India," Physics Wallah founder and chief executive Alakh Pandey said in a statement.

Strategic equity and monetary investments in Xylem as well as business expansion are part of the cooperation.

"In three years we will invest Rs 500 crore to propagate the brave and unique Xylem model of Hybrid Learning to other adjoining sister states - it is a special result-oriented plan of learning which has specially impressed me. To do this, it will require robust team building, content development, technological innovation, expansion in other categories and hybrid centres. We will also look at mergers and acquisitions in the South," said Pandey.

Ananthu S, a 26-year-old MBBS alumnus who founded Xylem Learning, says the company is well-established in Kerala and is now looking to expand to Tamil Nadu, Andhra Pradesh, and other southern regions.

Through its 30 YouTube channels, Xylem currently offers free classes to over three million students. Additionally, it has 30,000 students enrolled in its offline or hybrid centres spread out across Kerala's five districts, as well as more than 1 lakh paying students enrolled in its different online courses.

Additionally, it runs a school-integrated programme at seven different schools and ten tuition sites. Additionally, it has dabbled in business and Kerala PSC test preparation.