Offline network, geographical expansion in focus as PhysicsWallah IPO sets sails

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Edtech unicorn PhysicsWallah, which will launch a Rs 3,480-crore initial public offering (IPO) on November 11, plans to double down on its offline network and diversify into new geographies, particularly in the South.

“Offline is a compounding story. We made heavy investments offline. Our online business was cash generating, so we took money from there. In the last two years, we have opened 170 centres,” Alakh Pandey, cofounder and CEO of PhysicsWallah, told ET.

The company, with around 300 offline centres, aims to have a total of 500 centres in…



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Offline network, geographical expansion in focus as PhysicsWallah IPO sets sails


Edtech unicorn PhysicsWallah, which will launch a Rs 3,480-crore initial public offering (IPO) on November 11, plans to double down on its offline network and diversify into new geographies, particularly in the South.

“Offline is a compounding story. We made heavy investments offline. Our online business was cash generating, so we took money from there. In the last two years, we have opened 170 centres,” Alakh Pandey, cofounder and CEO of PhysicsWallah, told ET.

The company, with around 300 offline centres, aims to have a total of 500 centres in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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