Lawstreet Journal

Physics Wallah Raises $100 Million From Investors, Turns 101st Unicorn

Lawstreet Journal 9 Jun 2022 7:30pm

Image courtesy: Lawstreet Journal Business Physics Wallah Raises $100 Million From Investors, Turns 101st Unicorn

PhysicsWallah, a bootstrapped edtech startup, has raised $100 million in a Series A funding round from West Bridge Capital and GSV Ventures, valuing the company at a unicorn price, according to a statement released on June 7.

PhysicsWallah raised the money at a valuation of $1.1 billion, making it India's 101st unicorn, as per the company. Since April of this year, PhysicsWallah has become the second company to join the coveted unicorn club, compared to 11 in April-June 2021.

PhysicsWallah said that the funds will be used for business expansion, branding, the opening of more offline learning centres, and the introduction of new course options. 

In an interview last month, Alakh Pandey, co-founder and CEO of PhysicsWallah, stated that the company will focus aggressively on the K-12 (kindergarten to class 12) segment, as well as forays into executive education. Pandey had also expressed gratitude for the donation.

PhysicsWallah claims to have 6.9 million YouTube subscribers and 5.2 million Google Play Store downloads. In 2020 and 2021, the company claims that over 10,000 students passed competitive exams such as NEET and JEE (medical and engineering entrance exams). According to PhysicsWallah, at least one student in every six medical schools and one in every ten engineering schools is a former student of PhysicsWallah. The company claims to provide India's most affordable edtech packages.

PhysicsWallah said that,

"It currently has 1900 employees, including 500 teachers and about 100 tech experts. The company also has 200 associate professors available to answer student queries… Continue Reading...

Tagged: Physics Wallah   Unicorn   West Bridge Capital   GSV Ventures   edtech startup   Alakh Pandey  
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