INSUBCONTINENT EXCLUSIVE:
Physics Wallah founders Alakh Pandey and Prateek Mishra4 min read Last Updated : Sep 20 2024 | 2:08 PM IST
Physics Wallah (PW) has
raised $210 million at the close of a Series B funding round, said the education technology company on Friday, declaring that FY25 will mark
twofold increase over its last valuation of $1.1 billion
The funding round was led by Hornbill Capital, participation from Lightspeed Venture Partners and existing investors GSV and
WestBridge.
PW said that the funding round shows investors confidence in edtech and the company
"This investment is not just a validation of our efforts to democratise education and make quality education accessible to every student in
In fact, FY25 is going to be the year of the largest absolute profitability for the PW Group
9,500 hours of educational content every week with a student base across 18,808 pin codes, accounting for almost 98 per cent of pin codes in
This funding will bolster its already significant cash reserves to support future growth plans
journey.
Abhishek Mishra, chief strategy officer of PW, said the company will pursue inorganic expansion, enhance its content and
Mishra.
Dubai-based Manoj Thakur, founder of Hornbill Capital, said Physics Wallah combines vision, execution and has a thriving "3C
model": Content, community and commerce
painstaking creation of quality educational videos, as well as reasonably priced offerings for online and offline courses, has made Physics
Wallah a familiar brand name across India and all socioeconomic groups.
Sandeep Singhal, co-founder and managing partner at WestBridge,
Ventures, said the impact that Physics Wallah has had on students across Bharat is incredibly inspiring
The Kredible, edtech startups raised only $138 million across 21 deals during the first half of 2024, a sharp fall from $456 million in
2023, $2.3 billion in 2022, and $5.8 billion in 2021.First Published: Sep 20 2024 | 12:17 PMIST
