Investors lost money on education firms in the past. Will PhysicsWallah be different?

So far things have worked well for the company, but the public market’s experience with education ventures has been bitter, to say the least. While expanding offline is not cost efficient, PhysicsWallah’s business runs a high dependency risk, as students come to the classes for specific teachers.

Just around the time when a veteran teacher was hanging up his boots after getting bruised in an adventure to teach students online, an amateur who was experimenting with YouTube lectures decided to capitalise on his popularity by turning corporate.
Education and money have been at the centre of human development, but they have hardly gone hand-in-hand on Indian stock exchanges. For decades entrepreneurs, have attempted to turn the quest to learn into wealth, but they have blown up spectacularly. Be it listed MT Educare and Educomp, or the unlisted Byju’s and Unacademy.