Xylem Learning has entered into a strategic partnership with PhysicsWallah
Xylem Learning
Xylem Learning is a rapidly growing ed-tech brand based in Kerala, India, offering test-prep solutions for India’s coveted JEE and NEET entrance tests and provides free classes to over three million students through their 30 YouTube channels. Additionally, it has more than one lakh paid students across its online courses and over 30,000 students in its offline or hybrid programs running Kerala. It also operates tuition centers and school-integrated programs in many schools. Xylem is now aggressively expanding across several test-prep segments for other competitive exams in the region.
The Deal
Prateek Maheshwari, Co-Founder of PhysicsWallah, commented, “We are excited to partner with Xylem Learning to further strengthen our footprint in South India. We believe Xylem also has cracked the hybrid model of teaching with a strong online and offline presence and we plan to replicate the same in other markets with the help of Xylem Learning.”
Dr. Ananthu S, Founder and Chief Executive Officer of Xylem, said, “Our journey has been similar to that of PhysicsWallah, and we believe this collaboration will result in increased value for students. There will be synergies in terms of access to PhysicsWallah’s technology stack and even the exchange of content between both entities.”
Lincoln acted as the exclusive financial advisor to Xylem Learning working closely with the company’s management team and shareholders throughout the process. Lincoln continues its strong momentum having advised on nine transactions on capital raise and mergers and acquisitions in the past 12 months in India, and 19 transactions in the past 24 months in the education and education technology space globally.
Our Perspective
Mohit Bajpai, Director at Lincoln India, commented, “Ed-tech market in India is going through a very critical phase and this transaction illustrates how high quality ed-tech businesses continue to create value and M&A will be an important driver of growth in the segment. Working with Xylem’s team in Kerala has been a great experience for us and we look forward to deepening our expertise in the space and in the region.
Lincoln’s deep understanding of Xylem’s business and the broader education landscape helped us find the right strategic partner. Lincoln worked seamlessly with the management team throughout the process. We highly appreciate their hands-on approach and commitment.
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