On Thursday, Westbridge Capital-backed edtech unicorn PhysicsWallah (PW) said that it had acquired iNeuron Intelligence to expand its offerings in the upskilling category.
The deal is valued at around ₹250 crores and will provide an exit to investors, including publishing house S Chand & Co. The iNeuron team will drive the company’s tech skilling plan under PW Skills, said Alakh Pandey, co-founder, and chief executive, PhysicsWallah.
PhysicsWallah offers upskilling courses under the PW Skills brand, which includes business analytics programs and computer science languages such as Java and C++.
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Launched in 2020, PW helps students prepare for engineering and medical entrance examinations. It turned unicorn earlier this year after it raised $100 million in its Series A funding round from marquee investors Westbridge and GSV Ventures.
According to co-founder Prateek Maheshwari, there is a skills gap between what has been taught at institutes and what the industry demands. “We were looking for skilling startups that had strong fundamentals and have actually helped students bag their dream jobs.”
“We saw such capabilities in iNeuron, which helped a chef to turn into a coder and a UPSC aspirant with gap of five years land a job at Amazon,” Maheshwari said, explaining the thesis for the merger.
