Physics Wallah, an edtech unicorn, has announced plans to acquire 50% stake in Xylem Learning. It is a Kerala-based edtech startup, for Rs 500 crore over three years. Xylem Learning specializes in online test preparation courses for competitive exams such as NEET and JEE.
This strategic move by Physics Wallah aims to expand its presence in the southern market. This acquisition of edtech company will strengthen its position in the competitive edtech sector. The acquisition offers several advantages for Physics Wallah.
Firstly, it provides access to Xylem Learning’s extensive user base of over 3 million students across India. This will lead to offering a significant potential customer pool. Furthermore, Physics Wallah will benefit from utilizing Xylem Learning’s proprietary technology platform, which will enhance the quality of its online courses. Lastly, the experienced team at Xylem Learning will contribute their expertise in online education. Therefore, supporting Physics Wallah in scaling operations and improving customer service.
The acquisition represents a positive development for the edtech sector in India. Results in showcasing its growth and the escalating demand for online education. Moreover, it is anticipated to enhance the overall quality of online education throughout the country.
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