Edtech unicorn Physics Wallah (PW) and e-learning platform Utkarsh Classes have formed a joint venture (JV) to offer students academic training and course offerings in various categories.
According to a statement, the duo plan to leverage each other’s core competencies to provide value-added education for all examinations and jointly enter new exam categories.
“The founding teams (of PW and Utkarsh Classes) have a solid vision of providing result-oriented quality education to every student in the country at an affordable fee,” Alakh Pandey, PhysicsWallah Founder, and CEO, said. “Our collaboration will help us better serve students across India and make their learning experience more enriching.”
This JV announcement comes when edtech companies have shifted their attention to hybrid due to a drop in demand following the gradual reopening of schools and institutions.
Utkarsh Classes, providing offline instruction for over 20 years, will help PW improve its offline operations and develop a robust hybrid learning model.
As part of this collaboration, PW will continue to operate offline centers in 32 cities across India while Utkarsh Classes expands its government test preparation segment.
PhysicsWallah ventured into the offline space with PW Vidyapeeth last year. The edtech unicorn announced that it would increase its reach by opening more Vidyapeeths and scaling up in the categories of all-India competitive exams.