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Edtech unicorn PhysicsWallah on Thursday introduced acquisition of take a look at preparation edtech firm PrepOnline and guide writer Altis Vortex for an undisclosed quantity in a mixture of money and inventory deal.
With the acquisition of PrepOnline, PhysicsWallah (PW) has forayed into on-line aggressive examination preparation section and acquisition of Altis Vortex marks its entry into guide publishing area.
“We sit up for this affiliation and hope to supply world-class schooling content material to our customers,” PW Founder and CEO Alakh Pandey stated in an announcement.
PrepOnline was based by Vivek Gaur, Manish Kumar, and Anurag Pareek, whereas Altis Vortex was established by Gaur and Kumar.
PrepOnline focusses on preparation for NEET, Board Exams, and state-level authorities exams whereas Altis Vortex is writer of NCERT-based books for sophistication 11, 12, NEET and CUET-UG Examination preparations.
PW has roped in 35 workers from PrepOnline, of which 18 are adept academics with round 8-10 years of expertise, to reinforce its educating infrastructure. PrepOnline has a paid consumer base of 42,000.
“We now have been partnered with PW for the reason that starting by delivering content material and operational assist. Now we’ll work collectively as a group in direction of constructing new examination preparation classes and catalysing PW’s progress,” PrepOnline and Altis Vortex co-founder Vivek Gaur stated.
Gaur has joined PW as Chief of Development and Kumar as Chief of Tasks. The brand new companions can even assist PW in different domains, together with retail advertising and marketing, e-commerce gross sales, and printing, the assertion stated.
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