Physics Wallah (PW), a growing edtech company, has raised $210 million in a Series B funding round, increasing its valuation to $2.8 billion.
This is a significant jump from its previous valuation of $1.1 billion during the Series A round.
The funding was led by Hornbill Capital, with support from Lightspeed Venture Partners, GSV Ventures, and WestBridge Capital.
Key Strategies with New Funding
Physics Wallah plans to use its $210 million Series B funding to drive growth and strengthen its position in the Indian edtech market.
Here are the key strategies the company intends to pursue:
- Scaling Operations and Expanding Reach:
- Use funds to scale operations and enhance educational offerings.
- Explore mergers with community-driven education platforms to strengthen its market position.
- Expand into the K-12 segment to serve students across all grade levels.
- Enhancing Content and Technology:
- Invest in improving reach and technology to better serve students.
- Develop AI-based solutions to help students solve problems and improve learning outcomes.
- Produce more high-quality educational content, aiming for 9,500 hours per week.
- Inorganic Growth and Consolidation:
- Pursue inorganic expansion opportunities through mergers and acquisitions.
- Consolidate the education market to become a leader across exam segments.
- Strengthen its position in competitive exams like JEE, NEET, GATE, UPSC, and CAT.
- Improving Affordability and Accessibility:
- Continue providing affordable education, with courses starting as low as $50 per year.
- Leverage technology to democratize access to quality education across India.
- Serve students across 18,808 pin codes, accounting for 98% of India’s pin codes.
- Driving Profitability and Growth:
- Aim for the largest absolute profitability in FY25 for the PW Group.
- Leverage strong sustainable year-on-year growth to drive future expansion.
- Maintain focus on quality and accessibility to create a societal impact at scale.
Services Offered and Growth
Founded in 2020 by Alakh Pandey and Prateek Maheshwari, Physics Wallah began as a YouTube channel focused on teaching physics and math.
It quickly became popular for its engaging style and affordable content. As demand grew, PW expanded into a full educational platform that now offers:
- Online Courses: Covering subjects for students preparing for exams like NEET and JEE.
- Offline Learning Centers: Physical centers where students can learn in person.
- Mobile App: An app with interactive lessons, video lectures, quizzes, and study materials.
- School Programs: A four-year course in Computer Science to support various student needs.
- YouTube Channels: Over 100 channels offering diverse content for different subjects.
Financial Performance and Industry Outlook
Physics Wallah has shown strong financial growth with its recent $210 million funding round, boosting its valuation to $2.8 billion.
This reflects investor confidence in the company’s approach to education.
However, the overall edtech sector has faced challenges, with many companies seeing a drop in investment.
Larger firms like Byju’s have struggled, facing layoffs and restructuring.
Despite these challenges, Physics Wallah’s latest funding round is a positive sign.
The funds will help the company enhance its offerings and expand its reach, positioning it to thrive even as other companies face difficulties.
With its focus on affordable education and strong community support, Physics Wallah is well-positioned for continued growth in the online learning space.
