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PhysicsWallah Empowers Scholars with over ₹2.2 Crore in Cash Rewards, Strengthening Student Success

Startupsmeet by Startupsmeet
February 24, 2025
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PhysicsWallah Empowers Scholars with over ₹2.2 Crore in Cash Rewards Strengthening Student Success 02

PhysicsWallah Empowers Scholars with over ₹2.2 Crore in Cash Rewards Strengthening Student Success 02

Noida, February 06, 2025: PhysicsWallah, (PW), an education platform, honored 1,581 students who emerged as top performers in the National Scholarship Admission Test (PWNSAT) 2024 from all over the country. The top 3 students each from classes 7 to 12, including both JEE and NEET students, were invited to Noida for a grand felicitation ceremony to honor their exceptional achievements. They received cash prizes, with the highest award being ₹2 lakhs. Along with the monetary rewards, they were also presented with medals and trophies as a token of recognition for their dedication and hard work. As part of its pursuit to make education accessible, PW awarded these students a total of ₹2.2 crore in cash prizes at the felicitation ceremony, recognizing their academic achievements. The event marked the culmination of PWNSAT 2024, with over 15.5 lakh students appearing for the exam, making it a significant scholarship initiative in the country.

PhysicsWallah Empowers Scholars with over ₹2.2 Crore in Cash Rewards Strengthening Student Success 01
PhysicsWallah Empowers Scholars with over ₹2.2 Crore in Cash Rewards Strengthening Student Success 01

The PWNSAT 2024 scholarship fund, amounting to ₹250 crore, represents a vision by PW to assist students gain access to coaching without the burden of tuition fees. Through PWNSAT 2024 the aim is to provide JEE and NEET aspirants the access to the faculties, resources, and learning environment. The scholarship program is extended beyond financial assistance, offering accommodation support, and mentorship, allowing meritorious students to pursue their academic goals. This year, over 5 lakh students received at least a 50% scholarship.

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Alakh Pandey, Founder & CEO of PW, said, “When we started, the aim was simple, to make education accessible and affordable. PWNSAT 2024 is one of the ways we try so that financial constraints are not a hurdle for talented students. This ₹250 crore scholarship amount isn’t just a number, it represents our commitment to help a students’ future. The 1,581 students we are felicitating today have worked hard, and this is our way of recognizing their efforts. The real success will be when they achieve their dreams and help others do the same.”

The felicitation ceremony was an event celebrating the perseverance, dedication, and achievements of these students. It brought together students, parents, educators, and academic leaders to recognize and reward exceptional talent. With this initiative, PW continues to redefine access to education in India, and reinforce its aim to make learning equitable, affordable, and empowering.

About PhysicsWallah (PW)

PhysicsWallah (PW), an education platform, was founded in 2020 by Alakh Pandey and Prateek Maheshwari. Headquartered in Noida, Uttar Pradesh, PW aims to democratize education through online, offline and hybrid platforms. Initially launched as a YouTube channel in 2014, PW now offers education to students through its YouTube channels in multiple vernacular languages. PW aims to create a hybrid education ecosystem in the country by establishing tech-enabled offline and hybrid centres in cities nationwide. PW’s offerings span various educational segments, including test preparation in multiple categories, a skilling vertical, higher education, and study abroad. Additionally, the company also has an Institute of Innovation (IOI) that provides residential job-ready programs. PW has raised funding from investors, including Hornbill Capital, Lightspeed Ventures, Westbridge and GSV Ventures.

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