Popular YouTube channel Physics Wallah, now known as PW, is set to become a unicorn once a potential fundraising is materialized.
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Online Popularity
PW is an educational channel which offers online and offline courses and study materials for JEE, NEET and other engineering entrance exams.
It has grown to an enormous level in the past two years and has attracted investors.
The YouTube channel has over 6.4 million subscribers whereas its app has garnered 4.2 million downloads.
Ongoing Talks For $100 Mn
It is now in late-stage talks to raise funds with Westbridge and GSV Ventures along with a few others who would put in $100 million.
Founded in 2016 by Alakh Pandey and later joined by Prateek Maheshwari, PW has been a self funded venture till now.
Along with courses and study material for entrance exams, it also offers live classes, video lectures, test series and dynamic exercises for JEE, NEET and board exams (12th)..
It also runs 20 offline centers across 16 cities.
PW’s USP
There are several education-focused ventures in India offering similar services.
But what sets PW apart is its affordability.
It charges only Rs 3,500 for entire JEE and NEET exams.
Once the fundraising transaction is finalized, PW will be valued close to $1 billion.
Provided there are no setbacks, the deal is expected to be announced in a few weeks.
PW’s focus is value-creation and it wants to build “not just an organization but a “piece-of-art” which remains a life-long learning partner for the students,” the startup said.
Allen Institutes
The education market in India with its promising potential and gains has made offline institutes embrace technology in a big way.
They present a lucrative opportunity for investors who want to cash in on the trend.
This is evident from Lupa Systems’ interest in Kota-based Allen Institutes.
Lupa is in late-stage talks to pick up a 30-35% stake in Allen for about $400 million.
This deal is expected to value Allen at about $1.2 billion.
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