PhysicsWallah Makes Rs 500 Crore Investment in Xylem Learning to Expand in Southern India
Edtech Giant PhysicsWallah Bolsters Presence with Strategic Investment in Xylem Learning
19 June 2023
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Kunal Tyagi
PhysicsWallah invests Rs 500 crore in Xylem Learning to expand in southern India.
Xylem Learning plans to expand to Tamil Nadu, Andhra Pradesh, and other southern markets with the support of PhysicsWallah's investment.
Both companies share a commitment to providing quality education and will focus on team building, content development, and technological innovation to achieve their goals.
Edtech unicorn PhysicsWallah has recently made a significant investment of Rs 500 crore in Xylem Learning, a competitive exam coaching company based in Kerala. The Noida-based PhysicsWallah aims to utilize this investment over the next three years to bolster its presence in southern India. Although the specific stake acquired in Xylem has not been disclosed, PhysicsWallah plans to explore further mergers and acquisitions in the south region. This strategic move marks a significant step towards PhysicsWallah's vision of becoming the leading education platform in South India.
Expanding into Southern Markets:
PhysicsWallah's partnership with Xylem Learning is set to enhance the latter's already strong presence in the Kerala market. Xylem Learning, founded by Ananthu S., is renowned for its provision of free classes for NEET and JEE preparations through its YouTube channel. With the infusion of funds from PhysicsWallah, Xylem Learning intends to expand its operations to Tamil Nadu, Andhra Pradesh, and other southern markets. This expansion will enable the company to reach a broader student base and further solidify its position as a leading competitive exam coaching provider.
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Commitment to Quality Education:
Both PhysicsWallah and Xylem Learning share a common vision of making quality education accessible to all. Alakh Pandey, the CEO, and founder of PhysicsWallah, emphasized the shared commitment to this vision. The partnership aligns with PhysicsWallah's strategic goal of becoming the leading education platform in South India. This objective will be realized through robust team building, content development, technological innovation, and the establishment of hybrid learning centers. Pandey also intended to explore mergers and acquisitions in the southern region to bolster the company's growth.
Xylem Learning's Impressive Presence:
Xylem Learning, founded by a young MBBS graduate Ananthu S., boasts a robust presence in the education sector. Through its YouTube channels, Xylem provides free classes to over 3 million students. Additionally, it serves more than 1 lakh paid students through various online courses and 30,000 students in offline or hybrid centers across five prime districts of Kerala. With 10 tuition centers and a school-integrated program, Xylem offers a comprehensive educational experience. The company's foray into commerce and Kerala PSC test preparation further strengthens its portfolio.
Strategic Acquisitions and Growth Plans:
PhysicsWallah's investment in Xylem Learning aligns with its consistent expansion strategy. PhysicsWallah has acquired several companies in the past year, including Knowledge Planet, iNeuron, Altis Vortex, PrepOnline, and FreeCo. This series of acquisitions underscores PhysicsWallah's commitment to quality education and its desire to consolidate its position in the Indian edtech market. With the infusion of funds, Xylem aims to achieve a revenue of Rs 300 crore with 25% EBITDA in the financial year 2024, doubling its previous fiscal year's revenue.
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