June 9

Indian Edtech PhysicsWallah Becomes Unicorn With $100 Million Series A Funding

By Manish Singh

An Indian edtech startup that has made deep inroads in smaller Indian cities and towns with its low-cost learning offerings is the latest to join the South Asian nation’s fast-growing unicorn club.

PW, or PhysicsWallah, has raised $100 million in its Series A funding, the profitable startup said Tuesday. Westbridge and GSV Ventures financed the startup’s maiden institutional round, which values the two-year-old firm at $1.1 billion (post-money).

Unlike its bigger rivals — Byju’s and Unacademy — that levy a fee as high as tens of thousands of dollars for a course, PW charges students as low as $4 and according to a person familiar with the matter, has amassed tens of thousands of paying subscribers.

Photo courtesy of Siyavula Education.

Source: TechCrunch (link opens in a new window)

Education, Technology
edtech, startups