PhysicsWallah, an India-based edtech firm has raised $1oo million in its Series A funding round from Westbridge and GSV Ventures at a $1.1 billion valuation, making it the latest unicorn in the country.
- The firm will use the funds to scale its brand, expand the business, open new centres, and develop more courses.
- Launched in 2016, PhysicsWallah is a tech-driven educational firm offering online and offline services in JEE, NEET, engineering and state board exams.
- With over 1900 employees and 5.2 million downloads on PlayStore, the firm claims it 9x its revenues in 2021/22 and is currently on a $65 million run rate for FY2023.
- It plans to reach 250 million students by 2025 and open 20 new learning stations across India.