PhysicsWallah Raises 210 Million Largest Since Byjus Fiasco

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Edtech unicorn Physics Wallah (PW) has closed its Series B funding round, raising $210 million through a combination of primary and secondary transactions. • The round, led by Hornbill Capital, saw participation from Lightspeed Venture Partners, as well as existing investors GSV Ventures and WestBridge Capital. With this investment, the company’s post-money valuation has soared to $2.8 billion, a 2.5X increase from its previous valuation of $1.1 billion. • Founded by teacher-turned-entrepreneur Alakh Pandey in 2016, the profitable edtech firm had previously raised $102 million from WestBridge and GSV Ventures in its maiden funding round. • The latest round marks one of the largest primary capital raises in the edtech segment in recent times, signaling renewed investor confidence after a long interval, especially as companies transition back to traditional learning methods while incorporating digital innovations. • #physicswallah #fundraise #startup #cnbctv18

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