Physics Wallah (PW) has witnessed over 100% growth in its online business for the academic year 2024-25, as stated in the official press release from the company.
The release further mentioned that the PW witnessed a remarkable more than two lakh enrollments, resulting in more than Rs 100 crore surge in revenue within 12 days from the start of Vishwa Diwas. PW has witnessed 100% year-on-year growth in online business for the upcoming academic year.
As of today, there are over 27 lakh students enrolled in paid batches on the PW app and over 4.2 crore students on its YouTube channels, spanning nearly 98% pin codes in India. PW has the biggest online classrooms in India, and the average size of mega batches ranges from 50,000 to one lakh. PW has claimed to have conducted the largest live classroom sessions with up to 1.27 lakh attendees at one time, as detailed in the release.
As per a report by Statista, the internet penetration rate in India went up to nearly 50% in 2023 while the smartphone penetration rate in India reached close to 71% in 2023, indicating a large addressable market and the significant potential for online learning, especially in areas where traditional brick-and-mortar education cannot reach due to heavy capital expenditure and teacher shortages.
“It is crucial to prioritise academics and continuously improve products based on student feedback, keeping them at the core of the company’s mission. A demonstration of this commitment is our launch of the AI education suite ‘AI Guru,’ which has captured the attention of over 1.5 million students in less than 2 months, highlighting the scalability and potential of online education. Furthermore, online learning has transcended geographical barriers, reaching even the most remote corners of the country, driven by tangible outcomes. The objective is to empower students across the bottom 80% of the socioeconomic pyramid. With increasing internet connectivity in rural areas, online learning is poised to become a vital source of education,” Alakh Pandey, Physics Wallah, founder and CEO, said.