Edtech unicorn PhysicsWallah has successfully raised $210 million in a Series B funding round led by Hornbill Capital and Lightspeed Ventures Partners, among other investors. This funding round has significantly increased the company’s valuation to $2.8 billion, marking a 2.5 times increase from its previous valuation of $1.1 billion.
The latest investment has also seen participation from existing investors, including GSV and WestBridge. In a recent press release, PhysicsWallah announced the closure of its Series B funding, stating, “PhysicsWallah Pvt Ltd (PW) has closed its Series B funding round, raising USD 210 million. This investment brings the company’s post-money valuation to an impressive USD 2.8 billion.”
Legal counsel for the fundraise was provided by Shardul Amarchand Mangaldas & Co. Notably, Vertices Partners has previously advised PhysicsWallah on various deals, including the acquisitions of iNeuron Intelligence and Utkarsh Eductech.
Founded in 2016 by teacher-turned-entrepreneur Alakh Pandey, PhysicsWallah has rapidly evolved into a profitable edtech firm. The company raised $102 million in its inaugural funding round from WestBridge and GSV Ventures.
This latest funding round is one of the largest capital raises in the edtech sector in recent times, reflecting renewed investor confidence in the industry. Following a significant decline in investments during 2023—falling to $321 million from a peak of $4.1 billion in 2021—this funding signals a potential recovery as companies adapt to a hybrid model of traditional learning with digital innovations.
