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Announced

Completed

Physics Wallah completed the acquisition of a 50% stake in Xylem Learning $61m.

Financials

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Transaction Value£47m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Domestic

Minority

Single Bidder

Acquisition

AI-powered learning platform

India

Private

Completed

Friendly

Education Services

Synopsis

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Physics Wallah, a offeror of live classes, video lectures, test series, and dynamic exercises for JEE, NEET entrance, and board exams, completed the acquisition of a 50% stake in Xylem Learning, a mobile and AI-powered platform that offers entrance exam preparation services, for $61m. "With an investment we have the remarkable opportunity to enhance the learning experience for JEE/NEET aspirants in south India, bridging the gap in quality education and expanding our addressable market in the region. From my lens, Xylem Learning is like PW of the south,” Alakh Pandey, PW Founder and CEO.

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