One of India’s leading EdTech companies Physics Wallah, has raised $210 million in Series B funding round. The Series B Round was led by Hornbill Capital, with significant contributions from Lightspeed Venture Partners and existing investors GS Ventures and WestBridge Capital. This investment has boosted the PhysicsWallah post-money valuation to $2.8 billion, a 2.5x increase from its previous $1.1 billion valuation when it became a billion-dollar company or better say a Unicorn.
Alakh Pandey, Founder and CEO of Physics Wallah, said, “This investment is not just a validation of our efforts to democratize education and make quality education accessible to every student in India, but also a testament to the impact we have created over the years. Prateek and I are excited to partner with Hornbill Capital and Lightspeed Venture Partners in this journey, and we deeply appreciate the continued trust from WestBridge and GSV.”
Prateek Maheshwari, Co-founder of Physics Wallah, added, “Our focus has always been on creating value for our students and ensuring their success. This new round of funding will enable us to expand our reach, enhance our technological capabilities, and continue delivering unparalleled learning experiences. This comes on the back of strong sustainable YoY growth - in fact, FY25 will be the year of the largest absolute EBIDTA profitability for the PW Group. There are no good or bad markets but only good or bad stories - and ours is a great impact story!"
