Physics Wallah an Ed-Tech platform that recently became a unicorn, acquires PrepOnline, an online learning platform for the National Eligibility Cum Entrance Test (NEET) and Altis Vortex, a publisher of exam preparation books. However, the amounts of the acquisition were not disclosed.
The acquisition of PrepOnline will help Physics Wallah bolster its presence in the NEET category, as it looks at unique ways of delivering online content for exam aspirants, and enhance its teaching infrastructure.
Physics Wallah has a business vertical that delivers books and study materials. Altis Vortex will allow Physics wallah to bolster its content vertical, as it looks to bring different book titles and study materials for its students.
It was launched during the Pandemic Period by Alkah Pandey, the founder of Physics Wallah, and Prateek Maheshwari, its co-founder. In June it raised $100 million from WestBridge and GSV Ventures, at a post-money valuation of $1.1 billion.
Physics Wallah provides comprehensive learning sessions for students aspiring for NEET, JEE Mains and board examinations. In June this year, the company also forayed into offline learning with the launch of its centre PW Vidyapeeth in Kota, Rajasthan.