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== History ==
== History ==
Physics Wallah or "PW", was founded in 2016 as a YouTube channel hosted by Alakh Pandey, an educator hailing from [[Prayagraj]], [[Uttar Pradesh]].<ref name="entrepreneur-11Jul22">{{cite news |title=The Unicorn Youtuber: Alakh Pandey |url=https://www.entrepreneur.com/en-in/entrepreneurs/the-unicorn-youtuber-alakh-pandey/431140 |work=[[Entrepreneur (magazine)|Entrepreneur]] |language=en |date=11 July 2022}}</ref> In 2020, Pandey along with co-founder Prateek Maheshwari developed the Physics Wallah app. The app was intially designed for students aspiring to take the [[National Eligibility cum Entrance Test (Undergraduate)|National Eligibility cum Entrance Test]] (NEET) and [[Joint Entrance Examination|Joint Entrance Exam]] (JEE). Over the course of the next years, Physics Wallah expanded their offerings by launching courses for other competitive exams.<ref>{{Cite web |title=PW to revolutionize learning space for UPSC Aspirants launches UPSC Wallah |url=https://www.theweek.in/wire-updates/business/2022/11/10/del70-upsc-wallah.html |access-date=2023-04-08 |website=The Week |language=en}}</ref> As of January 2023, the Physics Wallah app had been downloaded over 50 lakh times on the [[Google Play|Android Play Store]]. During the same period of time, the Physics Wallah YouTube channel amassed 9.73 million subscribers.<ref name="Kumari 2023 d271">{{cite web |last=Kumari |first=Ruchika |date=2023-02-22 |title=PhysicsWallah CEO Alakh Pandey started his career at age of 22, check his education qualification and more |url=https://www.timesnownews.com/education/physicswallah-ceo-alakh-pandey-started-his-career-at-age-of-22-check-his-education-qualification-and-more-article-98157498 |access-date=2023-12-21 |website=TimesNow}}</ref> In June 2022, the company became a [[Unicorn (finance)|unicorn company]] after being valued at over $1.1 billion following it's first funding round where it raised $100 million in funding from various [[venture capital]] firms.<ref name="economictimes-07Jun22">{{Cite news |last=Dilipkumar |first=Bhavya |title=Online learning platform Physics Wallah enters unicorn club with $100 million funding |newspaper=[[The Economic Times]] |url=https://economictimes.indiatimes.com/tech/funding/online-learning-platform-physics-wallah-enters-unicorn-club-with-100-million-funding/articleshow/92056162.cms |date=7 June 2022 |access-date=17 January 2023}}</ref> During the same time, PW also launched its first offline center named ''Vidyapeeth'' in [[Kota, Rajasthan|Kota]], [[Rajasthan]].<ref>{{cite news |title=PhysicsWallah launches its first offline center in Kota |date=20 June 2022 |url=https://www.financialexpress.com/education-2/physicswallah-launches-its-first-offline-center-in-kota/2566666/ |newspaper=[[The Financial Express (India)]] |language=en}}</ref>
Physics Wallah or "PW", was founded in 2016 as a YouTube channel hosted by Alakh Pandey, an educator hailing from [[Prayagraj]], [[Uttar Pradesh]].<ref name="entrepreneur-11Jul22">{{cite news |title=The Unicorn Youtuber: Alakh Pandey |url=https://www.entrepreneur.com/en-in/entrepreneurs/the-unicorn-youtuber-alakh-pandey/431140 |work=[[Entrepreneur (magazine)|Entrepreneur]] |language=en |date=11 July 2022}}</ref> In 2020, Pandey along with co-founder Prateek Maheshwari developed the Physics Wallah app. The app was intially designed for students aspiring to take the [[National Eligibility cum Entrance Test (Undergraduate)|National Eligibility cum Entrance Test]] (NEET) and [[Joint Entrance Examination|Joint Entrance Exam]] (JEE). Over the course of the next years, Physics Wallah expanded their offerings by launching courses for other competitive exams.<ref>{{Cite web |title=PW to revolutionize learning space for UPSC Aspirants launches UPSC Wallah |url=https://www.theweek.in/wire-updates/business/2022/11/10/del70-upsc-wallah.html |access-date=2023-04-08 |website=The Week |language=en}}</ref> As of January 2023, the Physics Wallah app had been downloaded over 50 lakh times on the [[Google Play|Android Play Store]]. During the same period of time, the Physics Wallah YouTube channel amassed 9.73 million subscribers.<ref name="Kumari 2023 d271">{{cite web |last=Kumari |first=Ruchika |date=2023-02-22 |title=PhysicsWallah CEO Alakh Pandey started his career at age of 22, check his education qualification and more |url=https://www.timesnownews.com/education/physicswallah-ceo-alakh-pandey-started-his-career-at-age-of-22-check-his-education-qualification-and-more-article-98157498 |access-date=2023-12-21 |website=TimesNow}}</ref> In June 2022, the company became a [[Unicorn (finance)|unicorn company]] after being valued at over $1.1 billion following it's first funding round where it raised $100 million in funding from various [[venture capital]] firms.<ref name="economictimes-07Jun22">{{Cite news |last=Dilipkumar |first=Bhavya |title=Online learning platform Physics Wallah enters unicorn club with $100 million funding |newspaper=[[The Economic Times]] |url=https://economictimes.indiatimes.com/tech/funding/online-learning-platform-physics-wallah-enters-unicorn-club-with-100-million-funding/articleshow/92056162.cms |date=7 June 2022 |access-date=17 January 2023}}</ref> During the same time, PW also launched its first offline center named ''Vidyapeeth'' in [[Kota, Rajasthan|Kota]], [[Rajasthan]].<ref>{{cite news |title=PhysicsWallah launches its first offline center in Kota |date=20 June 2022 |url=https://www.financialexpress.com/education-2/physicswallah-launches-its-first-offline-center-in-kota/2566666/ |newspaper=[[The Financial Express (India)]] |language=en}}</ref><ref>{{Cite news |last=Pokharel |first=Shefali Anand and Krishna |title=India’s Edtech Startups Regroup as Pandemic Bonanza Fizzles |url=https://www.wsj.com/articles/indias-edtech-startups-regroup-as-pandemic-bonanza-fizzles-11662802200 |access-date=2024-03-03 |work=WSJ |language=en-US}}</ref>


== Controversies ==
== Controversies ==

Revision as of 18:10, 3 March 2024

Physics Wallah Private Limited
Physics Wallah
Company typePrivate
IndustryEdtech
Founded2016; 8 years ago (2016) (as a YouTube channel)
2020; 4 years ago (2020) (as an ed-tech platform)
FoundersAlakh Pandey
Prateek Maheshwari
HeadquartersA-13/5, Sector 62,
Noida
,
India
Number of locations
100+ (August 2023)
Area served
Worldwide
Products
  • PW App
  • PW Vidyapeeth
  • PW Pathshala
Subsidiaries
  • FreeCo
  • Prep Online
  • Altis Vortex
  • iNeuron
  • Etoos India
  • PW Skills
  • PW MedEd
  • PW Institute of Innovation
  • PW OnlyIAS
Websitepw.live

Physics Wallah Private Limited (commonly known as Physics Wallah; or simply PW) is an Indian multinational educational technology company headquartered in Noida, Uttar Pradesh.[1][2] It was founded by Alakh Pandey and Prateek Maheshwari in 2020. It became a unicorn in June 2022 after raising $100 million at a valuation of $1.1 billion.

History

Physics Wallah or "PW", was founded in 2016 as a YouTube channel hosted by Alakh Pandey, an educator hailing from Prayagraj, Uttar Pradesh.[3] In 2020, Pandey along with co-founder Prateek Maheshwari developed the Physics Wallah app. The app was intially designed for students aspiring to take the National Eligibility cum Entrance Test (NEET) and Joint Entrance Exam (JEE). Over the course of the next years, Physics Wallah expanded their offerings by launching courses for other competitive exams.[4] As of January 2023, the Physics Wallah app had been downloaded over 50 lakh times on the Android Play Store. During the same period of time, the Physics Wallah YouTube channel amassed 9.73 million subscribers.[5] In June 2022, the company became a unicorn company after being valued at over $1.1 billion following it's first funding round where it raised $100 million in funding from various venture capital firms.[6] During the same time, PW also launched its first offline center named Vidyapeeth in Kota, Rajasthan.[7][8]

Controversies

Allegations by former teachers

On 21 March 2023, several prominent and established teachers at the ed-tech company alleged that their vision of the company is being disillusioned and in response started an independent YouTube channel by the name, 'Sankalp Bharat'.[9] They said that their resignation at PW was because of the atmosphere at the company and that at the Kota centre of PW, students were not getting the quality education worth their tuition fee.[10][11][12]

In response, a teacher of the company, Pankaj Sijairya, alleged in a video that the three ex-PW teachers – Tarun Kumar, Manish Dubey, and Sarvesh Dixit were offered INR 5 Cr each to resign from Physics Wallah and join the rival company, Adda247.[13] The three teachers, in a video claimed that Pankaj Sijairya falsely accused them of accepting bribes from rival platform Adda247.[14] The company has refused to comment on the validity of the claims and in a statement to Business Today called the allegations a "distraction"[15]

Acquisitions and expansions

In August 2022, Physics Wallah acquired FreeCo, a doubt solving platform and marked it as their first acquisition.[16][17][18] Later the same year, PhysicsWallah aquired multiple startups that focused on on publishing books aimed at helping students prepare for various competitive exams.[19] Physics Wallah also acquired iNeuron from S. Chand Group, a Indian publishing company during the same time.[20]

In popular culture

A 7-episode web series named Physics Wallah on the life of Alakh Pandey and his company was released on 15 December 2022 on Amazon Mini TV. Alakh Pandey, the series' protagonist, was portrayed by Shreedhar Dubey. The series was created, directed and produced by Abhishek Dhandharia, under his production house, About Films.[21]

See also

References

  1. ^ Gupta, Aryaman (7 December 2022). "PhysicsWallah, the unassuming underdog among ed-tech firms in India". Business Standard.
  2. ^ Majumdar, Debleena (22 November 2022). "What does it take to create Bharat's education lab: The story of PhysicsWallah, building on trust". The Economic Times.
  3. ^ "The Unicorn Youtuber: Alakh Pandey". Entrepreneur. 11 July 2022.
  4. ^ "PW to revolutionize learning space for UPSC Aspirants launches UPSC Wallah". The Week. Retrieved 8 April 2023.
  5. ^ Kumari, Ruchika (22 February 2023). "PhysicsWallah CEO Alakh Pandey started his career at age of 22, check his education qualification and more". TimesNow. Retrieved 21 December 2023.
  6. ^ Dilipkumar, Bhavya (7 June 2022). "Online learning platform Physics Wallah enters unicorn club with $100 million funding". The Economic Times. Retrieved 17 January 2023.
  7. ^ "PhysicsWallah launches its first offline center in Kota". The Financial Express (India). 20 June 2022.
  8. ^ Pokharel, Shefali Anand and Krishna. "India's Edtech Startups Regroup as Pandemic Bonanza Fizzles". WSJ. Retrieved 3 March 2024.
  9. ^ "All you need to know about Physics Wallah controversy as former teachers slam edtech giant in latest video". Free Press Journal. Retrieved 29 March 2023.
  10. ^ Kashyap, Hemant (27 March 2023). "Why PhysicsWallah's Star Teachers Are Falling Out Of Its Orbit". Inc42 Media. Retrieved 29 March 2023.
  11. ^ Livemint (26 March 2023). "Ex-Physics Wallah teachers cry on YouTube; netizens call 'pure entertainment'". mint. Retrieved 3 March 2024.
  12. ^ "PhysicsWallah caught in controversy as ex-teachers cry on camera, deny charges of Rs 5 cr bribe". Business Today. 26 March 2023. Retrieved 3 March 2024.
  13. ^ "WestBridge-backed edtech cos PhysicsWallah and Adda247 at loggerheads over aggressive poaching". Moneycontrol. 27 March 2023. Retrieved 29 March 2023.
  14. ^ "Amid Allegations They Were Paid Rs 5 cr As Bribe, Ex-Physics Wallah Teachers Seen Crying On Camera". IndiaTimes. 27 March 2023. Retrieved 30 March 2023.
  15. ^ "'We do not want distractions…': PhysicsWallah on former teachers' outburst row". Business Today. 27 March 2023. Retrieved 29 March 2023.
  16. ^ Roy, Shubhobrota Dev (18 August 2022). "PhysicsWallah marks first acquisition after becoming unicorn". VCCircle. Retrieved 27 February 2023.
  17. ^ Rawar, Aman (26 December 2022). "PhysicsWallah earmarks $40 million for M&As". mint. Retrieved 3 March 2024.
  18. ^ Bhalla, Tarush (13 October 2022). "Physics Wallah makes two new acquisitions". The Economic Times. ISSN 0013-0389. Retrieved 3 March 2024.
  19. ^ "PhysicsWallah makes acquisitions to foray into govt job prep, print books". Business Standard. Press Trust of India. 13 October 2022. Retrieved 14 February 2023.
  20. ^ Kaushal, Bhavya (22 December 2022). "Physicswallah acquires ed-tech start-up iNeuron for Rs 13.8 crore from S Chand". Business Today (India). Retrieved 17 January 2023.
  21. ^ Singh, Shubham (9 December 2022). "Amazon Mini TV unveils trailer of an upcoming show on unicorn Physics Wallah". Business Today (India).

External links

source: https://en.wikipedia.org/w/index.php?title=Physics_Wallah&diff=prev&oldid=1211650503

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