Edtech platform PhysicsWallah is now an unicorn; valuation reaches $1.1 bn
An Edtech platform PhysicsWallah has raised $100 million in a series A round from investors such as Westbrige and GSV Ventures, making it a unicorn. Following the completion of the acquisition, the company will be valued at $1.1 billion. According to the press release, the funds will be used to expand the business, build more learning centres, and provide new services.
As part of its expansion goals, PhysicsWallah wants to launch content in nine vernacular languages: Bengali, Hindi, Gujarati, Kannada, Malayalam, Odia, Tamil, and Telugu. PW presently employs 1,900 people, with 500 teachers and 90-100 technology experts. There are also 200 associate professors on staff to answer student questions, as well as another 200 experts who create exam questions and term papers.
Edtech platform PhysicsWallah
“We are happy to join the unicorn bandwagon with this fresh fundraising,” said Alakh Pandey, founder and CEO of PhysicsWallah. Since our start, we’ve focused on providing high-quality education at an affordable price, guaranteeing that students from all walks of life can continue their education and advance their careers without difficulty. This latest development will assist us in furthering our goal and implementing new initiatives to enhance students’ learning journeys, allowing them to achieve new professional heights. We pledge that “every dollar spent in PW is for the betterment of learners.”
“The company is changing the test preparation market (now JEE and NEET) by providing low-cost, high-quality solutions with great learning outcomes for over 6 million students and rising, led by Alakh Pandey, a renowned YouTube STEM educator, and Prateek Maheshwari, an IT executive.” “At GSV Ventures, our aim is to ensure that everyone has equal access to the future, and PW is delivering on that vision AT SCALE,” stated Deborah Quazzo, Managing Partner.