PhysicsWallah acquires 50% stake in Xylem in a $61 Mn deal to chart South India
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Alakh Pandey-led edtech unicorn PhysicsWallah (PW) has acquired a 50% stake in Kerala-based Xylem Learning in an INR 500 Cr (around $61.04 Mn) deal. The deal, a mix of primary and secondary capital, is aimed at strengthening PhysicsWallah’s presence in the southern market. PW will invest INR 500 Cr in Xylem over the next three years, and with the incoming funding, PW and Xylem will expand to Tamil Nadu, Andhra Pradesh and other southern markets.