PhysicsWallah Acquires 50% Stake in Xylem In A $61 Mn Deal To Chart South India

PhysicsWallah Acquires 50% Stake in Xylem In A $61 Mn Deal To Chart South India

PW and Xylem will be expanding to Tamil Nadu, Andhra Pradesh, and other southern areas with the new finance.

Through its 30 YouTube channels, Xylem Learning, which was founded in 2019, promises to have more than 3 million students in South India.

Alakh Pandey, the founder, claims that PW would use its contract with Xylem to investigate consolidation potential in South India.

In a deal of INR 500 Cr (about $61.04 Mn), Alakh Pandey-led PhysicsWallah (PW), an edtech unicorn, purchased a 50% share in Kerala-based Xylem Learning. The purchase, which combines primary and secondary financing, aims to increase PhysicsWallah's market share in the south.

Over the next three years, PW will spend INR 500 Cr in Xylem. With this money, PW and Xylem will grow into Tamil Nadu, Andhra Pradesh, and other southern areas. Through its 30 YouTube channels, Xylem Learning, which was founded in 2019 by Dr. Ananthu S, claims to have over three Mn students in South India.

Xylem has 10 tutoring centres, a programme that is incorporated into seven schools, and it also dabbles in business administration and Kerala PSC test prep.

Additionally, the edtech has 30,000 students enrolled in its offline/hybrid locations spread across five districts of Kerala and 1 lakh paying students enrolled in its different online courses. 

The collaboration with Xylem Learning fills me with great excitement and pride," PW founder and CEO Alakh Pandey stated.

It not only supports our common aim of ensuring access to high-quality education for everyone, but it also advances us towards our strategic objective of being the top educational organisation in South India.

The investment, according to Pandey, would spread the Xylem hybrid learning paradigm to other South Indian states besides Kerala.

The PW founder continued, saying that the funding will enable the Kerala-based edtech business to grow a strong workforce, generate original material, adopt cutting-edge technology, and expand into new categories and hybrid centres.

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