Physics Wallah, the renowned Indian edtech platform founded by Alakh Pandey and Prateek Maheshwari, is making waves once again. With a current workforce of approximately 15,000 employees, the company has set its sights on significant expansion.
In a strategic move, Physics Wallah aims to hire 1,000 new professionals across various functions by March 2025.
Physics Wallah Expansion Plan
Physics Wallah’s expansion drive isn’t limited to just increasing headcount. The company is actively seeking talent for critical roles in marketing, sales, technology, and business development.
By adding 1,000 skilled individuals to its ranks, Physics Wallah aims to bolster its capabilities and enhance its offerings in the competitive edtech landscape.
But that’s not all. Physics Wallah is thinking beyond its existing boundaries. The company is exploring opportunities to merge with publishing houses and other content-focused organizations in southern India.
This strategic move could potentially unlock synergies, broaden its content portfolio, and strengthen its position as a comprehensive learning platform.
Imagine the fusion of digital education with rich, curated content from established publishers—a powerful combination indeed!
Recent Funding Round and Valuation
In a recent funding round, Physics Wallah secured an impressive $210 million, making it the largest funding event in the company’s history.
The investment was led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge Capital. As a result, Physics Wallah’s valuation soared to a staggering $2.8 billion, cementing its status as an edtech unicorn.
What sets Physics Wallah apart is that unlike many Indian unicorns, where institutional investors hold a significant stake, Physics Wallah’s founders maintain an unusual level of control.
Alakh Pandey and Prateek Maheshwari collectively own a whopping 85% of the company’s equity, leaving only 15% for external investors.
This unique ownership structure reflects their unwavering commitment to their vision and mission.
Past Acquisitions and Challenges
Physics Wallah’s journey has been eventful. In 2022, the company raised over $100 million at a valuation of $1.1 billion. Since then, it has strategically acquired several subsidiaries, including iNeuron, PW Institute of Innovation, and Xylem Learning.
These acquisitions expanded its offline presence but also led to increased employee costs and overall expenses. Nevertheless, revenue tripled during this period.
However, growth isn’t without its challenges. In November 2023, Physics Wallah faced a mid-term performance evaluation, resulting in the termination of 120 employees.
Chief Human Resources Officer Satish Khengre clarified that this represented less than 0.8% of the workforce, emphasizing the company’s commitment to responsible HR practices.
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