M&A

M&A

PhysicsWallah acquires Dubai-based edtech startup Knowledge Planet

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PhysicsWallah has acquired Dubai, UAE-based edtech startup Knowledge Planet, marking the first international acquisition by Delhi-based edtech unicorn. EY acted as the advisor for this deal. Knowledge Planet has a wide range of offerings targeting the Indian diaspora, from test-prep courses for examinations like JEE and NEET. Besides NRIs, Knowledge Planet also trains students from 30 other nationalities, studying in the British, American, and IB curriculum. The founders of Knowledge Planet will continue to operate the GCC entity of PhysicsWallah to bring online and offline education to the Indian diaspora in the GCC region. Last month, Physics Wallah and e-learning platform Utkarsh Classes formed a joint venture to provide academic training and course offerings in various categories. The startup had also acquired PrepOnline, an online learning platform for NEET, and Altis Vortex, a publisher of exam preparation books, for undisclosed amounts in October 2022.