PhysicsWallah, the unassuming underdog among edtech firms in India

While its rivals battled to stay afloat, PhysicsWallah has recorded consistent growth since the pandemic

After reaping the fruits of the online learning model brought about by the pandemic, Indian edtech firms have been left reeling as the funding winter gripped the startup ecosystem this year. Many large firms underwent tumultuous organizational restructuring, accompanied by heavy layoffs, in a bid to tackle losses.

However, one unassuming player has emerged unscathed among the dozens that took a dive this year. Edtech unicorn PhysicsWallah (PW) reported a fourteen-fold increase in net profit in FY22 at Rs 97.8 crore. This was up from Rs 6.93 crore in the previous financial year. Further, the firm reported its standalone operating