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    Telangana Government Transfers 30 IAS Officers; IAS Priyanka Ala Named Hyderabad Collector

    Telangana Government Transfers 30 IAS Officers; IAS Priyanka Ala Named Hyderabad Collector

    35 IAS and JKAS Officers Deployed Under Vibrant Villages Programme-II in J&K

    35 IAS and JKAS Officers Deployed Under Vibrant Villages Programme-II in J&K

    Himachal Pradesh Govt Transfers Two IAS Officers; IAS R Selvam Made Financial Commissioner

    Himachal Pradesh Govt Transfers Two IAS Officers; IAS R Selvam Made Financial Commissioner

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    IAS Prashant Kumar Mishra Elevated to Private Secretary to Union Jal Shakti Minister

    Bihar Govt Transfers Four IAS Officers; IAS Gopal Meena Made Secretary to the Governor

    Bihar Govt Transfers Four IAS Officers; IAS Gopal Meena Made Secretary to the Governor

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    Election Commission deploys more drones, bod cameras for April 29

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    PadhaiWithAI: How IAS Dr. Saumya Jha Used AI to Improve Learning Outcomes in Government Schools of Tonk

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    Oppo Reportedly Merges OnePlus, Realme Into Single Business Unit: Report

    Oppo Reportedly Merges OnePlus, Realme Into Single Business Unit: Report

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    Bajaj Finance Q4 Results: PAT Jumps 22% to Rs 5,465 Crore, Declares Rs 6/ Share Dividend

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    Vedanta Q4 Results: PAT Surges 89% YoY to Rs 9,352 Cr, Revenue Up 29%; Announces Rs 11/Share Dividend

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    Indian Overseas Bank Q4 Results: PAT Rises 43% YoY to Rs 1,505 Crore, NII Up 11%

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    BITS Pilani Launches Social Conduct Programme to Build Emotional Intelligence, Responsible Citizenship

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    Bandhan Bank Shares Jumps 9% After Strong Q4 Results; Profit Surges 68%, Asset Quality Improves

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    Why Vedanta Shares Dropped 60% Today: Demerger Adjusts Stock Price

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    Gold Rate Today (April 26, 2026): Check City-Wise Prices of 24K, 22K and 18K Gold

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Home Industry Education

PhysicsWallah acquires S Chand’s stake in iNeuron for Rs 14 Cr

By: APAC Media

by APAC Media
December 23, 2022
in Education
Reading Time: 1 min read
PhysicsWallah acquires S Chand’s stake in iNeuron for Rs 14 Cr
Summarize with:
Edtech unicorn Physics Wallah(PW) will buy education content firm S Chand and Co.’s entire stake in the artificial intelligence and data sciences-focused edtech platform iNeuron Intelligence Private Limited for about Rs 14 crore. Co-investors Mukesh Sharma Family Trust would also be exiting its investment in iNeuron, S Chand said in a statement. After joining the unicorn club in June this year, PW has been on a buying spree. It has acquired PrepOnline, Altis Vortex, and FreeCo since then. The startup also ventured into the offline space with PW Vidyapeeth earlier this year.
This acquisition announcement comes at a time when edtech players have turned their focus to hybrid after experiencing a decline in demand since schools and colleges started reopening in a phased manner. Edtech companies are going to rely on technology even more in a hybrid world.

Through this deal, S Chand and Company will make a return of over 2X the original investment of approximately Rs 7 crore it made in December 2021. This is the second recent exit for the company from its various edtech investments on the back of the recently complete exit from Testbook with an about 8X return on investment in July, it noted. S Chand, along with its wholly owned subsidiaries Vikas Publishing and Chhaya Prakashani, acquired a minority stake in iNeuron in December 2021 in two tranches. It completed its second tranche of investment in September.
Summarize with:
Tags: iNeuronPhysicsWallah
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