Physics Wallah: A Revolutionary EdTech Startup Providing Affordable Education for All

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Keywords: EdTech industry, growth, India, startups, funding, offline learning, online learning, Physics Wallah, Alakh Pandey, YouTube channel, national-level entrance exams, revenue, subscription plan, exclusive doubt-solving sessions, PW Pathshala, learning experience

Description:

In recent years, the EdTech industry in India has seen rapid growth, with the current market estimated to be worth $750 million in 2020, and projected to reach $4 billion in the next five years. This growth has been fueled by the rise of startups like Physics Wallah, which was founded by Alakh Pandey in 2016.

Physics Wallah's vision is to provide affordable education for all, regardless of their socio-economic status. The company believes that education has the power to change anything and everything, and this is the motto with which Physics Wallah is marching forward.

Alakh Pandey's love for teaching led him to a coaching institute in Allahabad, where he honed his skills as a teacher. His style of teaching received a huge reception, and the physics he taught was loved by everyone. With the idea of reaching more students, Alakh Pandey started a YouTube channel named 'Physics Wallah' in 2016. This is where the seed for PW was sowed and the startup started to germinate.

The startup offers lectures and coaching for national-level entrance exams, both online and offline, as well as an optional subscription plan for exclusive doubt-solving sessions. Physics Wallah's revenue comes from YouTube ads and paid courses, lectures, and materials.

Despite a slow start, Physics Wallah picked up momentum and had 2 million subscribers by 2019. When the country entered lockdown due to the Covid-19 pandemic, the demand for Physics Wallah grew even higher. As a result, Alakh Pandey decided to expand his platform and started an application for online lectures. The startup also provides both offline and online classes for students by the name PW Pathshala.

Today, more than 60 lakhs of students have learned from Physics Wallah. The startup has 16 PW Pathshala centers and 1,500 staff, including 300 teachers. The aim of Physics Wallah is to provide the best learning experience for students, whether it's online or offline.

The EdTech industry's growth in India can be narrowed down to the past decade. Statistics reveal that between 2014 and 2019, around 4,450 EdTech startups have sprouted in the country. The funding and other investments into these startups have increased 32 times in the past decade. While the EdTech industry will replace offline learning in the long run, experts and VCs say that, for a decade or at least two, the omnichannel way of learning (both online and offline) will hold the crown.

Physics Wallah is one of the most successful EdTech startups in India, and its success story is an inspiration to many. With a commitment to providing affordable education for all, Physics Wallah is revolutionizing the EdTech industry in India and beyond.

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