Latest news with #PhysicsWallah
Indian Express
a day ago
- Business
- Indian Express
Physics Wallah to provide free JEE, NEET coaching in Bihar government schools
Edtech firm Physics Wallah will provide free foundational to advanced-level coaching for JEE and NEET to students of Kasturba Gandhi Balika Vidyalayas and Simultala Awasiya Vidyalayas in Bihar. The initiative is part of a broader effort by the Bihar education department, which on Tuesday signed five Memorandums of Understanding (MoUs) with academic and philanthropic institutions to strengthen educational quality across the state. The support includes interactive digital classes, practice tests, AI-based doubt-solving tools, free access to the firm's app, and regular academic progress monitoring for students of classes 9 to 12. Four other organisations have also partnered with the state to cover initiatives ranging from competitive exam preparation and English language learning to life skills training, entrepreneurship development, and job-oriented skilling for college students. Bharat Innovation Global will support class 8 students across Bihar in preparing for the National Means-cum-Merit Scholarship (NMMS) examination. The two-year programme will be delivered through live and recorded classes, supplemented with digital content and practice tests in 'Hinglish', officials said, adding that emphasis will be placed on students from rural and underprivileged backgrounds. Freedom Edu will implement a 'Holistic English Language Learning Programme' across government schools with a focus on building reading fluency, comprehension, verbal communication, and confidence among students. To promote life skills and entrepreneurship, the Going to School Fund will introduce a weekly two-day curriculum for students in classes 7 to 12. The first day will focus on story-based activities, while the second will involve digital project work. For students in higher education, the SGBS Unnati Foundation will offer a job-oriented skill development programme under its UNXT initiative. Final-year undergraduate and postgraduate students in all government and aided colleges will be eligible for a 30-day classroom-based training, consisting of three hours of instruction per day. Students will also be given free access to an e-learning platform featuring more than 600 videos and quizzes. 'The programme aims to connect at least 70 per cent of participants with employment, self-employment, or further education opportunities,' officials said. Education Minister Sunil Kumar, who attended the event, highlighted the government's financial commitment: 'Over 20% of the state's budget is allocated to education. These partnerships will not only bring in innovation and technology but also open new doors of opportunity for students.' He said regular monitoring and outcome-based evaluation would be ensured so that the results of each MoU are visible at the ground level. Dr S Siddharth, the additional chief secretary in the education department, said, 'Bihar has the largest number of students in the country. Providing them with quality resources and competitive guidance is a priority. These partnerships will be a milestone in that direction.'
Entrepreneur
04-08-2025
- Business
- Entrepreneur
India's EdTech Sector Rebounds as VC Activity Regains Momentum
A joint IAMAI–Grant Thornton Bharat report estimates the sector's value is projected to grow at 25.8 per cent CAGR, reaching nearly USD 29 billion by 2030. It further estimates that EdTech's share of India's GDP will quadruple, from 0.1 per cent in 2020 to approximately 0.4 per cent by 2029. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's EdTech ecosystem has swung back into focus for venture capitalists, steadily emerging from a funding winter with recalibrated emphasis on resilience, scalability, and profitability. A joint IAMAI–Grant Thornton Bharat report estimates the sector's value is projected to grow at 25.8 per cent CAGR, reaching nearly USD 29 billion by 2030. It further estimates that EdTech's share of India's GDP will quadruple, from 0.1 per cent in 2020 to approximately 0.4 per cent by 2029. HolonIQ further notes global EdTech funding dropped to USD 2.4 billion, its lowest since 2014, with early‑stage deals rising modestly while megadeals shrank sharply. Although overall funding remained constrained, marquee investments helped reshape expectations: Physics Wallah, valued at approximately USD 2.8B, raised a USD 210 million round in early 2025 and subsequently received SEBI approval to raise INR 4,000 crore (~USD 480 million ) via IPO. GyanDhan, an education-financing startup, secured INR 50 crore (~USD 6 million) in mid‑2025 from Classplus and Pravega Ventures, highlighting growing VC interest in financial access models beyond direct learning platforms. Broader VC sentiment remains cautious yet optimistic: Bain & Company's India VC Report 2025 reported a recovery in overall VC investment to USD 13.7 billion in 2024, with early- and mid-stage deal volumes rising 45 per cent year-on-year alongside a rebound in mega-rounds, albeit at more conservative valuations. India's fast‑growing demand for upskilling, K‑12 hybrid delivery, and regionally localized content is reshaping investment flows. Meanwhile, education-financing startups such as GyanDhan are drawing VC dollars, signaling broader interest in ecosystem playbooks beyond traditional tuition models. Manish Agarwal, Senior Director, PrepInsta, said that India's EdTech industry is at an exciting crossroads. With increasing smartphone penetration, affordable internet, and rising demand for upskilling, the future will be defined by how well we integrate emerging technologies into education. "AI and personalised learning are at the forefront. Educational platforms are increasingly adopting AI to create custom learning paths based on individual progress, aptitude, and career interests. This allows for more effective learning and better engagement," said Agarwal. "Gamification and immersive tech like Augmented Reality AR and Virtual Reality VR are likely to play a larger role. These tools can create hands-on learning experiences that simulate real-world applications, especially useful for areas like coding, engineering, and soft skills training. Imagine students practising coding or aptitude in a virtual environment that feels like a real job simulation—this can bridge the gap between learning and industry needs," added Agarwal. A recent IAMAI survey found 94 per cent of teachers and 69 per cent of parents believe EdTech is bridging geographical education divides. India's education-innovation infrastructure is also expanding: as of early 2025, 10,000 Atal Tinkering Labs and 72 Atal Incubation Centres have been established across schools and institutions, seeding grassroots innovation (many in EdTech), mentorship and entrepreneurship networks. With key IPOs (like Physics Wallah) in progress, the coming quarters may signal a broader late‑stage capital revival. Bain & Company notes, India's VC landscape is heating up again, riding on improved macro conditions and the maturation of high-profile assets.
Time of India
29-07-2025
- Business
- Time of India
Will remove bottlenecks, make schemes easily accessible, says Linda
Ranchi: The state govt is set to push forward several key welfare initiatives aimed at empowering youth, students, and tribal communities across the state. From streamlining scholarships to boosting infrastructure in remote regions, the welfare department, during a general body meeting, mentioned the outlined actions on multiple fronts. One major focus is the Chief Minister Employment Generation Programme (CMEGP), where steps will be taken to simplify the loan process and improve outreach so that more unemployed youth can benefit. "Our aim is to remove procedural bottlenecks and make schemes more accessible to those who need them most," said welfare minister Chamra Linda. Efforts are also being made to release Rs 275 crore in pending OBC scholarships from the Centre. The state plans to take up the matter actively to ensure the timely disbursal for thousands of students awaiting financial support. In the education sector, the govt is exploring a partnership with Physics Wallah to offer free coaching for tribal students in Ranchi's Hindpiri area for engineering and medical entrance exams.
Time of India
25-07-2025
- Business
- Time of India
PhysicsWallah's IPO gets nod from Sebi
MUMBAI: PhysicsWallah has received Sebi's nod for its IPO, a notification by the markets regulator showed. The edtech unicorn had filed draft IPO papers through the confidential route in March. The company's targeted about Rs 4,600 crore IPO will comprise a mix of fresh issue of shares and an offer for sale (OFS) component. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
24-07-2025
- Business
- Time of India
BigBasket feels qcomm heat; PhysicsWallah clears Sebi test
Next BigBasket feels qcomm heat; PhysicsWallah clears Sebi test Want this newsletter delivered to your inbox? Also in the letter: BigBasket loses steam as quick commerce intensifies Driving the news: Tata Sons' FY25 annual report reveals a 3% dip in turnover for BigBasket's business-to-consumer (B2C) unit, Innovative Retail Concepts, which clocked Rs 7,673 crore. Its business-to-business (B2B) arm, Supermarket Grocery Supplies, fared worse, falling 7% to Rs 2,227 crore. Losses for the B2C business widened sharply to Rs 1,851 crore, up from Rs 1,267 crore in FY24. Between the lines: Tata 1mg back in investment mode after strong FY25 growth By the numbers: Consolidated revenue jumped 20% year-on-year (YoY) to Rs 2,392 crore. Tata 1mg Technologies, its main entity, posted Rs 375 crore in revenue and Rs 65 crore in PAT (tripling YoY). Subsidiary Tata 1mg Healthcare recorded revenue of Rs 2,016 crore but a Rs 342 crore loss. The big picture: Also Read: PhysicsWallah gets Sebi nod, set to raise Rs 4,000 crore in IPO Driving the news: Catch up quick: By the numbers: Zoom out: SuperK raises Rs 100 crore from Binny Bansal, Mithun Sacheti; cricketer Shubman Gill joins cap table Deal details: The round was led by Flipkart cofounder Binny Bansal's 3State Ventures and CaratLane founder Mithun Sacheti. Existing investors Blume Ventures and Xeed Ventures also participated. Adding a touch of star power, Indian Test skipper Shubman Gill also joined the captable. By the numbers: What's next: Catch up quick: CBDT sharpens AI tools for tax crackdown ahead of new law Driving the news: A recent crackdown prompted taxpayers to withdraw Rs 963 crore in deduction claims and pay an additional Rs 409 crore in tax. Zoom out: The taxpayer base has tripled from 30 million in FY14 to 90 million in FY25, thanks to digitisation and pre-filled ITRs – 99% of which are being accepted without edits. Alphabet Q2 profit jumps 19% as AI demand powers cloud, YouTube By the numbers: AI Overviews now serve over 2 billion monthly users globally, and AI Mode – introduced in India and the US – has already hit 100 million monthly users. What's new: Zoom in: Tesla braces for rough quarters as EV subsidies fade, autonomy bets rise What's the matter: Between the lines: Also Read: A decline in BigBasket's turnover indicates increasing competition from quick commerce players. This and more in today's ETtech Top 5.■ Shubman Gill puts on investor cap■ Taxman's AI■ Alphabet & Tesla: Two tales of Q2Tata Digital-owned BigBasket is feeling the heat as quick commerce players like Blinkit, Zepto, and Swiggy Instamart tighten their grip on urban grocery demand. The pressure is showing in the Tata Group has voiced internal concerns about BigBasket's sluggish execution, as we reported earlier this year. As a sign of its intent, the conglomerate began scouting for $1.3 billion in new capital in April, of which $1 billion is earmarked for BigBasket contrast, Tata Digital's epharmacy arm, 1mg, has bounced back with strong momentum After raising only $40 million since 2021 (when Tata acquired a majority stake), 1mg is now pursuing a $300 million external fundraise to expand offline operations and develop logistics, marking a shift from Tata's earlier debt-led digital founder Alakh PandeyPhysicsWallah has secured Securities and Exchange Board of India's (Sebi) approval to go public , becoming the first venture-backed Indian edtech startup to clear the regulatory hurdle for an Noida-based firm confidentially filed IPO papers in March under the pre-filing route and now plans to raise Rs 4,000 crore at a valuation of Rs 35,000–40,000 crore. Sebi's approval came through on July 18, according to by WestBridge Capital, Lightspeed, GSV Ventures, and Hornbill Capital, PhysicsWallah last raised $210 million in September 2023, pegging its valuation at $2.8 revenue crossed Rs 4,000 crore, as we reported earlier, more than doubling from Rs 1,940 crore in FY24. However, net losses widened to Rs 1,131 crore, mainly due to surging employee now joins a growing IPO queue of new-age startups, including Meesho Pine Labs , and Urban Company . Together, this cohort could unlock over Rs 18,000 crore in fresh capital this Thontepu (left) and Neeraj MentaSuperK, a value-first grocery retailer operating in small towns, has raised Rs 100 crore in fresh funding The retailer grew nearly 15% in FY25, up from Rs 85 crore the previous year. It now targets an annualised Rs 2,000–3,000 crore business in Andhra Pradesh and Telangana alone over the next five years. The latest round values the company at 2–2.5x its previous Rs 160 crore plans to expand to 300 towns and venture into smartphones and appliances. It is also strengthening its Costco-style membership scheme, which has helped double monthly in 2020 by Neeraj Menta (ex-Flipkart) and Anil Thontepu (ex-PhonePe), SuperK currently operates 130 stores across more than 80 towns in Andhra Pradesh and Telangana, employing a franchise-led Income Tax Department is stepping up its use of artificial intelligence and big data to crack down on evasion ahead of a new income tax law in 2026, Central Board of Direct Taxes (CBDT) chairman Ravi Agrawal told with over 6.5 billion digital transactions and data-sharing agreements with foreign tax bodies, the department is pushing analytics-led audits and behavioural nudges to drive voluntary April 2022, over 11 million updated returns have been filed, generating Rs 11,000 crore in additional tax reported a robust second quarter, with net profit increasing 19% year-over-year to $28.2 billion, supported by ongoing momentum in cloud computing and a deeper integration of AI across its platforms. New launches, including key rollouts in India, added to the climbed 14% YoY to $96.4 billion. Google Cloud led the charge with a 32% jump, touching $13.62 Sundar Pichai underlined the growing traction of AI Mode in answering complex queries. Next in line are Deep Search and advanced personalisation features. Meanwhile, Alphabet plans to increase its capital expenditure for 2025 to $85 billion, up from earlier estimates, citing a surge in demand for AI generated $9.8 billion in global advertising revenue. Its 'Other Bets' portfolio, which includes Waymo, contributed $373 million to the overall is gearing up for a challenging period as the US government scales back electric vehicle subsidies. CEO Elon Musk warned of a ' few rough quarters ahead ,' even as the company doubles down on self-driving tech and its upcoming robotaxi service. Second-quarter revenue fell 12% year-on-year to $22.5 billion — Tesla's steepest decline in over a decade. Global deliveries dropped 13.5% and adjusted profit per share missed estimates at 40 cents. Revenue from regulatory credits plunged 51%.Musk's narrative now hinges on autonomy, both in consumer EVs and the Cybercab platform, slated for a late-2025 launch. A new affordable EV model was quietly produced in June, though details remain scarce. Tesla also flagged delays in scaling production.
