look news india
News India Live, Digital Desk: This story is no less than a Bollywood film. A teacher whose passion was that no child in the country should stay away from good education due to lack of money. From a small room in Prayagraj, with a whiteboard and marker, he started teaching for free on YouTube. Today the same teacher, Alakh Pandeyfondly called ‘Alakh Sir’ by the children, runs his billion-dollar company PhysicsWallah Are preparing to get listed in the stock market.
This news is an emotional moment for lakhs of students who once made their difficult subjects easy by watching Alakh Sir’s videos.
What is this big news?
According to reports, Physicswala is planning to launch its IPO (Initial Public Offering) by 2025. In simple language, now this company will become a part of the stock market and common people will also be able to take stake in the company by buying its shares. The company has also started talks with big investment banks for this. It is believed that this IPO could be worth around $ 1 billion (about Rs 8,300 crore).
Journey from one room to Rs 8000 crores
This is not just a story of business, but of a revolution. When fees of lakhs of rupees were being charged for IIT-JEE and NEET coaching in the country, Alakh Pandey made a place in the hearts of students with his unique and interesting teaching style. He made difficult subjects like Physics and Chemistry so easy that his videos started going viral overnight.
When other ed-tech startups were taking money from investors and giving huge discounts, Alakh Pandey was standing on its own. Later, on the demand of students, he launched PW App at very low fees, which shook the expensive coaching industry to its roots.
Why is PhysicsWallah special?
In India’s ed-tech industry, where big companies are incurring losses worth thousands of crores, Physicswala is the only big company which is in profit. Today its valuation is more than $ 1.1 billion (about Rs 9,100 crore).
This journey of Alakh Pandey from YouTube channel to a unicorn company and now to IPO proves that if the intentions are good and there is passion in hard work, then nothing is impossible.
