Edtech giant Physics Wallah (PW) has raised $210 million in its Series B funding round, led by Hornbill Capital with contributions from Lightspeed Venture Partners, GSV, and WestBridge. This latest investment pushes the company’s valuation to $2.8 billion, a significant jump from its $1.1 billion valuation in its Series A round when it secured $100 million.
The fresh capital will fuel Physics Wallah’s ambitious growth plans, including expansion into the K-12 segment, strengthening content offerings, and exploring mergers with community-driven education platforms. Additionally, the company aims to scale operations and further consolidate its position in the Indian education market.
“This investment validates our mission to democratize education in India and underscores the impact we’ve had in reaching millions of students,” said Alakh Pandey, founder and CEO of Physics Wallah.
Founded by Alakh Pandey and Prateek Maheshwari in 2020, Physics Wallah started as a YouTube channel in 2014, offering free educational content. It has since grown into a multifaceted platform providing online and offline courses for competitive exams like JEE, NEET, and state boards. The company has also expanded into skilling, higher education, and international study programs, with its Institute of Innovation (IOI) offering 4-year residential programs focused on employability.
Currently, Physics Wallah reaches over 46 million students through more than 112 YouTube channels, available in five regional languages. Its app has been downloaded over 30 million times, with 5.5 million paying users.
In FY23, the company’s revenue tripled to Rs 779 crore, though net profits declined by over 90% to Rs 8.87 crore. Despite this dip, Physics Wallah expects to cross Rs 2,000 crore in revenue in FY24 as it continues its rapid growth trajectory.
