PhysicsWallah’s profit revenue jumps 10x in FY22

PhysicsWallah, India's newest and sole profitable edtech unicorn, recorded a significant increase in its FY22 (2021–2022) profit as the company's revenue increased by around 10X during the year.

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The unicorn company, which is sponsored by GSV Ventures, declared a net profit of Rs 97.8 crore for FY22, up roughly 14 times from its profit of Rs 6.93 crore for FY21

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According to the record, its operational revenue increased by over ten times during that time, from Rs 24.6 crore in FY21 to Rs 232.5 crore

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For the year ended March 2022, PhysicsWallah reported total revenue of Rs 234.1 crore on a stand-alone basis

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Thanks to a 21-fold increase in employee benefit expenditures to Rs 42.18 crore during FY22, PhysicsWallah's overall expenses increased seven times to Rs 103.2 crore

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the business raised $100 million from GSV Ventures and WestBridge Capital, valued at $1.1 billion.

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Alakh Pandey, co-founder and CEO of PhysicsWallah, recently stated in an interview with CNN's Bits to Billions program that he anticipates FY23 sales to exceed Rs 1,200 crore

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PhysicsWallah is in direct competition with edtech firms like Byju's, Vedantu, and Unacademy, among others, who had mid-teens trailing twelve-month sales multiples.

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Alakh Pandey and Prateek Maheshwari officially started PhysicsWallah as a bootstrapped business in the middle of 2020

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