Indian Edtech Physicswallah Becomes Unicorn With $100 Million Series A Funding

Jun 07, 2022•about 3 years ago

Amount Raised

$100 Million

Round Type

series a

Bengaluru

Description

An Indian edtech startup that has made inroads in smaller Indian cities and towns with its low-cost learning offerings is the latest to join the country’s fast-growing unicorn club.

Company Information

Company

Physics Wallah

Location

Bengaluru, Karnataka, India

About

The company is valued at $1.1 billion, the company said in a prepared statement on Tuesday. The startup plans to utilise the funds for business expansion, branding, opening more offline learning centres, and introducing more course offerings it said in a prepared statement. The core idea behind this is to reach every corner of the country and connect with 250 million students by 2025, the startup, the company said. The company currently claims to have over 10 million students availing of its services. The edtetch startup currently has 1,900 employees, including 500 teachers and 90-100 tech experts. “The company has been profitable since inception with positive cash flows and reserves,” said Pandey. Physics Wallah runs more than 20 offline centres across 18 cities with more than 10,000 students enrolled for 2022-2023 session, the company said.

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