Physics Wallah secures $210 million in Series B financing, propelling its valuation to an impressive $2.8 billion.
India-based edtech startup Physics Wallah has raised $210 million in a Series B funding round, led by Hornbill Capital with participation from Lightspeed Venture Partners, GSV, and WestBridge. This latest round brings the company’s valuation to $2.8 billion, marking a significant leap from its $1.1 billion valuation after its Series A round.
The fresh capital injection will be utilized to scale operations, expand into the K-12 segment, and explore mergers with community-driven education platforms.
Physics Wallah, which offers online and offline courses for various entrance exams, plans to enhance its content offerings and consolidate its position in the market through potential inorganic growth.
Founded in 2020 by Alakh Pandey and Prateek Maheshwari, Physics Wallah has rapidly grown from its origins as a YouTube channel into a full-fledged edtech company.
It serves millions of students through multiple platforms, with over 5.5 million paying users and more than 30 million app downloads.
Despite the broader slowdown in edtech funding—where investments have dwindled to $160 million across 27 deals in 2024—Physics Wallah continues its upward trajectory.
The company reported a 3.3X increase in revenue to Rs 779 crore in FY23, though profits dropped sharply to Rs 8.87 crore. Looking ahead, Physics Wallah anticipates reaching Rs 2,000 crore in revenue for FY24.
"This investment validates our mission to democratize education and the impact we've created," said CEO Alakh Pandey, highlighting the company’s resilience in an increasingly challenging market.
