Aug 26, 2023

SHARE Share story The move comes after the edtech unicorn announced the launch of 50 PW Vidyapeeth centres in May PW Vidyapeeth currently operates 67 centres across 38 cities in India, with a student base of nearly 1.5 Lakh students As for the PWNSAT, the exam will be conducted in both offline and online modes and will be open to students from classes 6 to 12 PhysicsWallah, an edtech unicorn, has announced the launch of 26 new PW Vidyapeeth centers across India and introduced scholarships valued at INR 200 Cr through their PWNSAT 2023 program (Physics Wallah National Scholarship cum Admission Test). As for the PWNSAT, the test will be available in both online and offline formats and is open to students in grades 6 to 12, as well as those who have dropped out but are preparing for JEE or NEET exams. Ankit Gupta, CEO of Vidyapeeth Offline, PhysicsWallah, said, “At PW, we firmly believe in the hybrid approach as the way forward. By expanding our tech-enabled offline Vidyapeeth centres across cities, our goal is to ensure access to quality education for students in their own towns, eliminating the need for them to relocate to education hubs in distant cities.” Gupta added that last year, 1.1 Lakh students benefitted from the PWNSAT scholarships, worth more than INR 120 Cr. “Continuing the same, this year, we are providing scholarships worth INR 200 Cr,” added Gupta. Founded in 2020 by Alakh Pandey and Prateek Maheshwari, PhysicsWallah competes with the likes of BYJU’S and Unacademy in India’s competitive exam prep space. The edtech startup turned unicorn in June 2022 after raising $100 Mn from Westbridge and GSV Ventures at a post-money valuation of $1.1 Bn. Since being flush with capital, PhysicsWallah has been making acquisitions and investing heavily in business verticals beyond IIT/JEE and NEET prep. The edtech unicorn has made seven acquisitions since August 2022, with its latest acquisition coming in June 2023 in the form of Xylem Learning . PW acquired a 50% stake in Xylem to venture into South India. The edtech unicorn also announced investing INR 100 Cr in its UPSC vertical and INR 120 Cr to shore up PW Skills, its skill development vertical.