According to the profitable firm, PW (PhysicsWallah) has raised US $100 million in Series A funding. GSV Ventures and Westbridge funded the startup’s first institutional round, valuing the two-year-old company at US $1.1 billion (post-money).
The latest unicorn to enter India’s fast-growing unicorn club is an Indian edtech business that has made substantial inroads in smaller Indian cities and villages with low-cost learning solutions.
What the founder has to say:
founder, and chief executive of PW: Alakh Pandey :
“Since its beginning, the company has been profitable, with positive cash flows and reserves. In 2021-2022, compared to 2020-2021, our revenue increased by nine. For FY 2023, our current run rate is US $65 million.
Since our establishment, we’ve focused on providing high-quality education at an affordable price, guaranteeing that students from all walks of life can continue their education and advance their careers without difficulty.
10,000+ students have aced competitive examinations like NEET and JEE in 2020 and 2021 thanks to PW’s comprehensive, interactive, and engaging educational content in lectures, videos, and notes. According to the platform, PW alumni make up at least one in six medical and one in ten engineering universities in India.”
What the investors have to say:
Deborah Quazzo, Managing Partner at GSV Ventures:
“While many commentators believe that the bloom has faded from Indian edtech, we at GSV Ventures believe that the flowers are only beginning to bloom as outstanding entrepreneurs democratize learning and skills delivery for the 90% of India that has yet to be reached by the edtech revolution.
One such startup is PW (PhysicsWallah), which we are happy to be co-leading with WestBridge in its first round of funding. The company is changing the test preparation market (currently JEE and NEET) by giving low-cost, high-quality solutions with remarkable learning outcomes for over 6 million students and increasing, led by renowned YouTube STEM educator Alakh Pandey and tech executive Prateek Maheshwari.”
More about the company:
The company strives to provide instructional content in nine vernacular languages, including Bengali, Marathi, Tamil, Telugu, Gujarati, Odia, Malayalam, and Kannada. It employs over 1,900 people, including 500 teachers and 200 associate professors who answer student questions. It also intends to use the additional funding to build different physical learning centers.
PW, which has nearly 7 million subscribers on YouTube and offers online and offline sessions, has grown in prominence. Its teachers, including Pandey, have a sizable and devoted following on Google’s site. They post free videos expressing their enthusiasm for PW and occasionally amusingly mocking other edtech platforms, which they accuse of being in it for the “money.”
We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
 has raised US $100 million in Series A funding. GSV Ventures and Westbridge funded the startup's first institutional round, valuing the two-year-old company at US $1.1 billion (post-money).){kind=link}