Edtech unicorn PhysicsWallah eyes 10-fold revenue growth in 2023-24

PhysicsWallah said its revenue is expected to grow over 10-fold to Rs 2,500 crore in 2023-24 driven by expansion of business ranging from self-learning courses for class four to civil services preparatory exams in online and offline modes.

GSV Ventures and WestBridge Capital backed unicorn is now developing course content to reach out to students in primary class and on the other hand it looks at expanding students base in higher competitive exams.

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PW Chief Business Officer Ankit Gupta said that the company recently started offering content for UPSC online and it has become the largest segment for the edtech firm with over 40,000 students.

"We are providing content for UPSC for around Rs 10,000. PW has roped in best known faculties of the country for UPSC. We will open offline centres for them as well but only we start catering to a minimum number of students that we have set internally. Even after opening physical centres, our prime focus will be on leveraging technology," Gupta said.

He said that in last five months the company has started offering courses for over 50 exams in 20 categories including GATE, banking and SSC.

"We take feedback from our students and based on that we are providing them support for various test preparation," Gupta said.