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PW Vidyapeeth
Profitable edtech unicorn Physics Wallah (PW) said it is launching 26 new technology-enabled offline learning centres, PW Vidyapeeth, in 26 more cities.
The edtech unicorn led by Alakh Pandey has also introduced Rs 200 crore worth of scholarships through PWNSAT 2023 (Physics Wallah National Scholarship cum Admission Test) for meritorious students.
According to the company's statement, The exam will be conducted in both offline and online modes and will be open to students from class 6 to 12, as well as droppers aspiring to study for JEE or NEET.
The company said that the PWNSAT exam will be held on October 1st, 8th, and 15th, 2023, in offline mode, and students can take the exam from October 1 to 15th, 2023, in online mode. PW said the results will be announced on October 20, 2023, and the classes for the academic session will begin in October 2023.
At present, PW Vidyapeeth operates 67 centres across 38 cities in India, with a student base of nearly 1.5 lakh students.
In June last year, Physics Wallah became India's 101st unicorn startup after it raised $100 million in a Series A funding round from Westbridge and GSV Ventures.
“After COVID-19, the education paradigm has undergone significant changes. Students now seek the advantages of both online and offline learning. At PW, we firmly believe in the hybrid approach as the way forward," said Ankit Gupta, CEO of Vidyapeeth Offline.
"By expanding our tech-enabled offline Vidyapeeth Centres across cities, our goal is to ensure access to quality education for students in their own towns, eliminating the need for them to relocate to education hubs in distant cities. To further support our students, we aim to give back and help them achieve their dreams of studying engineering or medicine through our PWNSAT exam," Ankit said.
He further claimed that last year, Over 1.1 lakh students benefited from its PWNSAT scholarships, which were worth over Rs 120 crore.
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