Amidst Byju controversy Alakh Pandey’s Physics Wallah raises $210 Mn

India’s leading Edtech startup Physics Wallah Private Limited (PW) has closed its Series B funding round, raising INR1,760 Crore. This investment brings the company’s post-money valuation to an impressive INR 23,500 crore, a 2.5x jump over its last valuation of INR 8,000 Crore.

The funding round was headed by Hornbill Capital, with significant participation from Lightspeed Venture Partners, alongside the continued support of its existing investors, GSV and WestBridge.

How Physics Wallah plans to use funds

As disclosed in a press release, the startup will use the funds to scale operations, with a focus on consolidating the education market. Physics Wallah is also targeting inorganic expansion, by entering into the K-12 segment with enhanced content offerings, and potential mergers with community-driven education platforms.

“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,” the founder and CEO of Physics Wallah, Alakh Pandey has remarked.

Physics Wallah - The brand 

Founded in 2020 by Alakh Pandey and Prateek Maheshwari, Physics Wallah provides online and offline courses and study materials for JEE, NEET, and other engineering entrance exams, as well as for state board exams.

Initially launched as a YouTube channel in 2014, Physics Wallah offers free education to over 4.6 crore students through its 112+ YouTube channels in five vernacular languages. The PW app has been downloaded 3+ crore times, and the company has over 55+ lakh paid students.

Presently, PW is creating the biggest hybrid education ecosystem in the country by establishing tech-enabled offline and hybrid centers in 105 cities nationwide.

As a lifelong learning partner, PW’s offerings span various educational segments, including 2 Gurukulam Schools, test preparation in 43 categories, a skilling vertical, higher education, and study abroad. Furthermore, the company also has an Institute of Innovation (IOI) that provides world-class 4-year residential job-ready programs. 

A beacon of hope for the EdTech sector

Physics Wallah’s revenue heaved 3.3X to Rs 779 crore in FY23, though its profit has slipped by more than 90% to Rs 8.87 crore. While the company is about to release its FY24 results, it expects to reach Rs 2,000 crore in revenue for the last fiscal year.

Physics Wallah’s funding round serves as a ray of hope amidst the challenging times for the EdTech sector. The remarkable interest from both new and existing investors showcases the strong belief in PW’s ability to deliver quality education to India's next generation.

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