Xylem Learning News Today

Physics Wallah reported a fall in its net profit to Rs 16 crore in FY23 from Rs 98 crore in the previous fiscal, on account of a jump in its employee costs and provisioning of certain non-cash expenses.

“Currently, we have more than 60 centres. By next year we are targeting 100 centres. This year we catered to 1.4 lakh students, which should go up to 2.4 lakh,” cofounder Prateek Maheshwari said.

Indian fintechs are eyeing credit lines on UPI as their next big growth opportunity but banks want to put the brakes on the growth of unsecured credit. This and more in todays ETech Morning Dispatch.

The decision, undertaken after a mid-term appraisal analysis ended in October, is aimed at ensuring Physics Wallahs primary focus on maintaining a high-performing team, a top official told ET.

PhysicsWallah (PW), the ed-tech sector giant, has recently initiated a restructuring process, resulting in 120-150 employees being downsized.

The funding winter continued to torment the Indian startup ecosystem in June 2023, as total funding declined 78.5% YoY to $580.18 Mn.

This week’s overall funding doubled in value terms, aided by the big-ticket private equity buyout of HDFC’s education lending arm HDFC Credila, which was acquired ......

The investment aims to acquire a 50 per cent stake in Xylem, , Physicswallah, investment, Xylem Learning, edtech

India News: NEW DELHI: In a bid to strengthen its presence in the southern market, edtech unicorn Physics Wallah (PW) has stitched up a strategic partnership with.

Ananthus firm has bagged a Rs 500 crore M&A deal with YouTube star and edtech entrepreneur Alakh Pandey’s Physics Wallah (PW).