Delhi-based edtech unicorn Physics Wallah acquired UAE-based company Knowledge Planet. The Indian edtech unicorn has now made its first purchase outside of the country.
With this partnership, Physics Wallah hopes to grow in the upcoming year across the GCC. Additionally, it will make an undisclosed investment in the edtech firm headquartered in Dubai.
Reliable reports state that the GCC entity of Physics Wallah will continue to be run by the Knowledge Planet founders while the new entity will continue to expand.
The source said that the plan was to concentrate on providing both online and offline schooling to the Indian diaspora in the GCC.
In order to give academic training and course offerings across different categories, Physics Wallah and the e-learning platform Utkarsh Classes joined forces last month. For an undisclosed sum in October 2022, the startup also acquired Altis Vortex, a publisher of exam practice books, and PrepOnline, an online learning tool for NEET.
The Knowledge Planet has been in business for almost ten years and offers a broad range of services, including test preparation, enrichment classes, and preparation for important competitive exams like JEE and NEET. “Knowledge Planet fills a gap for parents by providing quality entrance preparation just like they would expect in India while customizing it for the Non-Resident Indians (NRI) mindset and requirements,” said Sachin Bharti Gupta, co-Founder of Knowledge Planet.
Reports state that Physics Wallah is attempting to enter the market through a comparable acquisition-style strategy. “The Indian diaspora is significant in the Middle East, and the majority follow international competitive examinations. So it makes sense that the larger Indian edtech firms would consider the area.”
