Edtech startup- PhysicsWallah raised $100M

The Edtech platform -Physics Wallah has made an announcement of raising $100 million in Series A funding. UK-based Westbridge and GSV Ventures led the round. Physics Wallah has recorded a total valuation of $1.1 billion.

This step made the Physics Wallah India's 101st unicorn.

The company is planning to utilize the fresh funding capital in the following ways:

To expand its business,
Open more learning centers, and
Introducing more courses on the platform.

The company is having positive cash flows and reserves. In this current year, the startup's revenue increased nine-fold, as promised by Alakh. The current run rate for the upcoming year is $65 million.

Physics Wallah was founded by Alakh Pandey and Prateek Maheshwari in the year 2020. The startup enables students to prepare for engineering and medical entrance exams by providing them with affordable guidance.

The company has 1,900 employees, including 500 teachers, and 200 professors. The company has 5.2 million downloads on Google Play Store, whereas the YouTube channel has 6.9 million subscribers.

Physics Wallah is looking to start with 20 offline coaching classrooms across India and is already on track to launch its educational content in nine vernacular languages. It aims to enroll 250 million-plus students by 2025 on the platform.

In the unicorn club, PW joins India's six other edtech startups such as BYJU'S, Unacademy, Emeritus, upGrad, Vedantu , and LEAD.

EXECUTIVE OPINION:

"Since its inception, we have focused on delivering high-quality education with affordability at the forefront, ensuring that learners from all walks of life can continue their higher education and boost their career trajectory without any hassles," said Alakh Pandey, Founder, and CEO of PW.

"PW creates long-tail value for learners by delivering high-quality education at a democratic price. PW is one of the rare startups with a profound understanding of the education that BHARAT today needs," said Sandeep Singhal, Managing Director of WestBridge Capital.

Tags : PhysicsWallah, StartupsDekho

Startups

Top 10 innovative startup ideas that worked well in 2023.

Posted By news desk

Startups

What do Investors look for in a startup?

Posted By news desk

Edtech startup- PhysicsWallah raised $100M

Tags : PhysicsWallah, StartupsDekho

Related Post

Popular Post

Trending Posts