Edutech Unicorn: There is good news for the students preparing for engineering and medical. Edutech unicorn Physicswala has put an end to the rumor of hiking fees three-four times. At present there will be no increase in the fees of Physicswala. It will remain below Rs 5,000 in future also. Physicswala founder Alakh Pandey himself has announced this. Addressing the students in Kota, he said that if the fees increases by more than five thousand, then either Physicswala will cease to exist, or they will not remain with Physicswala. Alakh Pandey made it clear that at present there is no plan to increase the fees to Rs 15 thousand-20 thousand. This is just a rumour,
Physicswala earns 55 percent from online channels
55 percent of Physicswala’s earnings come from online channels. The remaining income comes from offline Vidyapeeth centres. Alakh Pandey, Founder and CEO of Physicswala, said that till 2026 the fees for all types of coaching courses will remain below Rs 5,000. As long as Physicswala exists, its fees will remain affordable. It will never reach Rs 15000-20000.
The company has suffered a loss of Rs 1130 crore
Physicswala has suffered a loss of Rs 1130 crore in the financial year 2024. Which is Rs 13 crore more than the loss of Rs 84 crore in the previous financial year. The company is incurring this loss due to lack of income compared to the expenditure on the growth of new centres. Earlier, Physicswala had reported a profit of Rs 9 crore in the financial year 2023, which was later found to be a loss of Rs 84 crore rather than a profit of Rs 9 crore when adjusted according to the Indian Accounting Standards. In September last year, Physicswala had raised investments of $210 million.
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