This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media.
Accept
EdTechReviewEdTechReview
  • News
  • Trends
  • Insight
  • eLearning
  • Research
  • Dictionary
  • EdTech Voices
  • More
    • Data & Statistics
    • Reviews
    • AWS for Education
    • Events

    Resources

    • Infographics
    • Reports & Case Studies
    • Videos
    • Books
    • Webinar

    Needs

    • 1:1 Learning
    • 21st Century Education
    • 21st Century Leadership
    • 21st Century Learning
    • 21st Century Teaching
    • 3D Printing
    • More Tags

    For

    • Students
    • Teachers/Educators
    • Administrators
    • Entrepreneurs/Startups
    • Govt. Officials/Policymakers
    • Parents
Explore
Search
Contribute
  • Submit A Post
  • EdTech Trainers and Consultants
  • Your Campus EdTech
  • Your EdTech Product
  • Your Feedback
  • Your Love for Us
  • EdTech Product Reviews
ETR Resources
  • About
  • Mission/Vision
  • Team
  • Services
  • Testimonials
  • Authors
  • Sponsor
  • Partner
  • Advertise
  • Our Clients
  • Media Kit
  • Press Release
  • FAQ’S
Reading: Noida-based PhysicsWallah Raises $100M In Series A Round, Enters Unicorn Club With $1.1B Valuation
Aa
EdTechReviewEdTechReview
Aa
Search
  • News
  • Trends
  • Insight
  • eLearning
  • Reviews
  • Dictionary
  • EdTech Voices
  • Data & Statistics
  • Research
  • AWS for Education
  • Events
  • Voices
  • Tags
  • About
  • Contribute
  • FAQ’S
  • Our Clients
  • Partner
Follow US
Home > News > Noida-based PhysicsWallah Raises $100M In Series A Round, Enters Unicorn Club With $1.1B Valuation
News

Noida-based PhysicsWallah Raises $100M In Series A Round, Enters Unicorn Club With $1.1B Valuation

Shalini Pathak Published Jun 7, 2022
Share
5 Min Read
Noida-based Physicswallah Raises $100m in Series a Round Enters Unicorn Club with $11b Valuation
Noida-based PhysicsWallah Raises $100M In Series A Round, Enters Unicorn Club With $1.1B Valuation
SHARE

PhysicsWallah, an EdTech platform for engineering and medical entrance exams, announced that it has raised $100 million (around INR 777 crore) in its Series A funding round led by UK-based Westbridge and GSV Ventures, a global VC fund focused on digital education.

AdvertisementWhy this Ad?

AdvertisementWhy this Ad?

With this development, the Noida-based startup has become India’s 101st unicorn and the first EdTech player this year to touch the coveted unicorn (valuation of $1.1 billion) club, according to a press statement.

The fresh capital will be utilized for business expansion, branding, opening more offline learning centres, and introducing more course offerings.

Founded by Alakh Pandey and Prateek Maheshwari, PhysicsWallah provides affordable and comprehensive learning experience to students of classes 6 to 12 and those preparing for JEE and NEET exams. The platform also offers extensive NCERT solutions, sample papers, NEET, JEE Mains, BITSAT previous year papers, which makes them a one-stop solution for all resources. It successfully provides students with intensive courses by India’s top faculties and personal mentors.

PhysicsWallah’s main focus is to make the learning experience as economical as possible for all students. With its affordable courses like Lakshya, Udaan and Arjuna and many others, the firm has been able to provide a platform for lakhs of aspirants. From providing Chemistry, Maths, Physics formula to giving e-books of eminent authors like RD Sharma, RS Aggarwal and Lakhmir Singh, PW focuses on every single student’s need for preparation.

Speaking about the fundraise, Founder and CEO of PhysicsWallah, Alakh Pandey, said:

“This latest development will help us further our vision and implement new initiatives to augment the journeys of students, enabling them to reach new heights in their careers. Our commitment remains ‘every dollar spent in PW is for the greater good of learners’.”

Pandey further added:

“PW has been profitable since its inception and has positive cash flows and reserves. In FY22, the startup’s revenue rose nine-fold, claimed Alakh. The current run rate for FY23 is $65 million.”

PhsyicsWallah strives to make the learning experience comprehensive and accessible for students of all sections of society. The company believes in empowering every single student who couldn’t dream of a good career in engineering and medical field earlier.

The EdTech platform specialises in giving comprehensive lectures and sessions on YouTube as well as distributes it through its proprietary PhysicsWallah app and the website for students aspiring to take National Eligibility Entrance Test (NEET) and Joint Entrance Exam (JEE) mains. Besides YouTube and applications, it also runs 20 offline centers across 16 cities.

Sandeep Singhal, Managing Director, WestBridge Capital has said in a statement:

“The Indian edtech ecosystem has grown considerably over the last two years; however, recent developments have demonstrated the first-hand importance of an efficient edtech Infrastructure. PW creates long-tail value for learners by delivering high-quality education at a democratic price. PW is one of the rare startups with an understanding of the education that today’s India needs. The founder’s focus on learning outcomes of students excites us and we look forward to a long partnership with them.”

The startup currently has 1,900 employees, including 500 teachers and 90-100 tech experts. It also has 200 associate professors available to answer student queries and another 200 professionals to create exam questions and term papers. On the Google Play Store, the PW app has 5.2 million downloads, while the YouTube channel has 6.9 million subscribers.

PhysicsWallah is also planning to launch educational content in nine vernacular languages, including Bengali, Marathi, Tamil, Telugu, Gujarati, Odia, Malayalam, and Kannada. The core idea behind this is to reach every corner of the country and connect with 250 million students by 2025.

TAGGED: Comprehensive Learning, EdTech Funding, EdTech Investors, Indian EdTech, JEE/NEET, K-12, Offline Education, Online Examination, Online Learning
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Email Copy Link
By Shalini Pathak
Follow:
Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
Previous Article Learnoverse Raises $1m BitDegree’s Crypto Learning Metaverse Learnoverse Raises $1M from Mistletoe
Next Article Elsevier Acquires Washington Dc-based Edtech Interfolio to Accelerate Support for Academic Researchers & Funders Elsevier Acquires Washington DC-based EdTech Interfolio To Accelerate Support for Academic Researchers & Funders
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

AdvertisementWhy this Ad?
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

AdvertisementWhy this Ad?

You Might Also Like

Vr-based Health Edtech Startup Virtuleap Raises $27m from Ged Ventures
News

VR-Based Health EdTech Startup Virtuleap Raises $2.7M From GED Ventures

Dec 8, 2023
Zamit Partners with the Future Foundation to Offer Scholarships to Students & Teachers
News

Zamit Partners With The Future Foundation to Offer Scholarships to Students & Teachers

Dec 8, 2023
Massachusetts-based Edtech Sharpen Raises $11m to Expand Its Operations
News

Massachusetts-Based EdTech Sharpen Raises $11M to Expand Its Operations

Dec 8, 2023
Private Equity Firm Eqt Announces Acquisition of Japan-based Hrtech Hrbrain
News

Private Equity Firm EQT Announces Acquisition of Japan-Based HRTech HRBrain

Dec 7, 2023
Jaro Education & Iim Tiruchirappalli Join Forces to Offer Pg Programme in Healthcare Management
News

Jaro Education & IIM Tiruchirappalli Join Forces to Offer PG Programme in Healthcare Management

Dec 7, 2023
87 of Indias Female Workforce Focus on Tech Upskilling Emeritus Global Workplace Skills Study 2023
News

87% of India’s Female Workforce Focus on Tech Upskilling: Emeritus Global Workplace Skills Study 2023

Dec 7, 2023
Medcerts Collaborates with Altitude Career Skills Institute to Strengthen Students Healthcare Skills
News

MedCerts Collaborates With Altitude Career Skills Institute to Strengthen Students’ Healthcare Skills

Dec 7, 2023
Talentsprint & Iim Lucknow Team Up to Offer Executive General Management Programme
News

TalentSprint & IIM Lucknow Team Up to Offer Executive General Management Programme

Dec 6, 2023
Show More
EdTechReviewEdTechReview

H433, 2nd Floor, Vikaspuri, New Delhi, India, 110018
Phone: 011 41321030

Follow US

Copyright © EdTechReview. All Rights Reserved.

  • Home
  • Advertise
  • Event Associations
  • Press Release
  • About
  • Services
  • Contribute
  • News
  • Trend & Insight
  • Data & Statistics
  • eLearning
  • Reviews
  • Research
  • Voices
  • Dictionary
  • Tags
  • Resources
  • Events
  • Courses
  • EdTech Product for Review
  • Our Clients
  • FAQ’S
  • Contact Us
  • Important Links
  • Sitemap
  • Terms of Use
  • Privacy Policy
newsletter
Join 100K+ subscribers!

Subscribe to our weekly newsletter that brings the latest EdTech news, trends, insights, reports, interviews, etc. for educators, school leaders, entrepreneurs, investors, & others.

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?