Last week, PhysicsWallah used its Q4 earnings to quietly redraw one of its most debated expansion plans: K-12 schools.
After investors questioned how far India’s only listed edtech firm would venture into schools, offline coaching, and other adjacencies, the Noida-based company told the market that its K-12 ambitions will now be pursued largely through an asset-light, online-led route. It will not deploy further capital in schools and limit its revenue contribution to less than 1%.
The clarification came after PhysicsWallah’s stock faced heat following early, post-listing enthusiasm, after some investors questioned whether the company was moving away from the low-cost online engine they had bought into.
“We decided to go asset-light in the K-12 market,” Prateek Maheshwari, cofounder of PhysicsWallah, told ET after the results. “The focus will be school partnerships, state boards, Curious Junior (its K10 platform), and online foundation courses.”
