This is to share that PW has raised $210 million in its Series B round, at a post-money valuation of $2.8 billion, which is a 2.5X jump from its last valuation of $1.1 billion.
The funding round was led by Hornbill Capital, with significant participation from Lightspeed India Partners, alongside the continued support of the existing investors, WestBridge and GSV.
Physics Wallah’s funding round serves as a beacon of optimism amidst challenging times for the EdTech sector. The funds raised will be strategically utilized to scale operations, with a key focus on consolidation in the education market.
Read also – Troovy Talks to Raise Rs 13 Cr Funding
On July 19 the most recent fundraising effort of PhysicsWallah, which appointed Prateek Maheshwari as its cofounder in 2020, coincides with the sector’s resumption of consolidation, which has resulted in the acquisition of a few lesser companies by well-funded entities.
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