According to the edtech unicorn Physicwallah, three of its teachers have been allegedly bribed Rs 5 crore to join its competitor Adda247. A video of three former teachers from the edtech startup PhysicsWallah crying over 'false allegations' of bribery and internal politics recently went viral on social media.
In the video, they address the management and students, saying allegations of them being paid Rs 5 crore as a bribe were completely baseless, and they quit PhysicsWallah because its atmosphere was no longer conducive to learning or teaching.
Three teachers, Tarun Kumar, Manish Dubey, and Sarvesh Dixit, have reportedly resigned from the edtech startup over their personal differences with founder Alakh Pandey.
Teachers, after a few days of their resignation, launched the YouTube channel 'Sankalp' and challenged their former employer. Further, they claimed that PhysicsWallah's main vision of providing quality and affordable education has shifted since it became a unicorn.
On the viral video, the teachers went on to explain why they were leaving PhysicsWallah. They stated in the YouTube video that they were adhering to the edtech startup's vision, but that circumstances changed and they felt they were no longer aligned with the organisation.
PhysicsWallah said, "In any organisation, individuals join and leave in due course, and PW is not immune to this natural progression. Some teachers have indeed left our organisation, and we value and respect their contributions to education and our growth journey. However, our students and their welfare remain at the core of our philosophy. Providing affordable, quality education will always be the focus for PW. With entrance exams around the corner, our priority is to prepare the students. We do not want distractions to impede our students’ preparations or to create confusion among our teachers.”
They further alleged that PhysicsWallah had been trying to strike their YouTube channel, despite the fact that they had completed the course before quitting the platform. A few netizens said it is a ‘staged’ act and they are doing it to gain popularity.
Netizens also criticised the former teachers' decision to speak publicly, saying it was distasteful. Alakh Pandey and Prateek Maheshwari founded PhysicsWallah in 2016. It is the country's only profitable edtech startup. In FY22, the company made a profit of Rs 98.2 crore.