Physics Wallah, an Indian educational technology company has entered into a collaboration with Xylem Learning, which is another educational technology company based in Kerala. Physics Wallah is planning to invest Rs 500 Cr over the next three years, as a part of this partnership. The objective is to strengthen the presence of Physics Wallah in the Southern market.
The Founder and CEO of Physics Wallah, Alakh Pandey, expressed his excitement and pride regarding this partnership. In a statement, Alakh Pandey stated,” This partnership with Xylem Learning fills me with immense excitement and pride. It not only aligns with our shared vision of providing quality education to all but also propels us closer to our strategic goal of becoming the leading education platform in South India.” The collaboration will be involving strategic equity and cash investments in Xylem along with the expansion of its operations.
He further revealed their plan of investing Rs 500 crore over three years to promote Xylem’s unique “XYLEM model of Hybrid Learning” in neighbouring states. To achieve this goal, team building, content development, technological innovation, expansion into other categories, and the establishment of hybrid centres will be required. He also stated that they will look at mergers and acquisitions in the South.
Founded by a 26 year old MBBS graduate Ananthu S, Xylem Learning holds a strong presence in the Kerala market and its future plans of expansion includes Tamil Nadu, Andhra Pradesh, and other southern markets. At present, Xylem provides free classes to over three million students through their 30 YouTube channels. More than 1 Lakh paid students are enrolled in various online courses while 30,000 students are attending it offline in hybrid centres in five prime Kerala districts. They also operate 10 tuition centres along with a school integrated programme across seven schools. Xylem has recently also ventured into commerce and Kerala PSC test preparation and will continue expanding into other categories.
This collaboration will leverage the exchange of both knowledge and technology to enhance the learning experience of both NEET and JEE aspirants in South India. Avanthu expressed that the partnership is driven by the principles of affordability, trust, and the democratisation of education.
In his statement, he said,” We aim to achieve Rs 300 crore revenue with 25% Ebitda in FY24, up from Rs 150 crore in FY23. Alakh Pandey’s vision perfectly aligns with ours, as we are both dedicated to making quality education accessible and affordable for students”
