Physics Wallah (PW), an education company, has raised $210 million in its Series B funding round led by Hornbill Capital. The funding round also saw significant participation from Lightspeed Venture Partners, alongside the continued support of its existing investors, GSV and WestBridge.
This investment brings the company’s post-money valuation to an impressive USD 2.8 billion, a 2.5x jump over its last valuation of $1.1 billion.
The funds raised will be strategically utilized to scale operations, with a key focus on consolidation in the education market. Physics Wallah plans to pursue inorganic expansion, enter the K-12 formal education segment, enhance its content and publication offerings, and explore mergers with community-driven education platforms across categories.
Alakh Pandey, Founder and CEO of Physics Wallah, expressed his gratitude, stating, “This investment is not just a validation of our efforts to democratize education and make quality education accessible to every student in India, but also a testament to the impact we have created over the years. Prateek and I are excited to partner with Hornbill Capital and Lightspeed Venture Partners in this journey, and we deeply appreciate the continued trust from WestBridge and GSV.”
Prateek Maheshwari, Co-founder of Physics Wallah, added, “Our focus has always been on creating value for our students and ensuring their success. This new round of funding will enable us to expand our reach, enhance our technological capabilities, and continue delivering unparalleled learning experiences. This comes on the back of strong sustainable y-o-y growth – in fact, FY25 is going to be the year of largest absolute EBIDTA profitability for the PW Group. There are no good or bad markets but only good or bad stories – and ours is a great impact story!”
Speaking about Hornbill’s investment in PW, Dubai-based Manoj Thakur, Founder of Hornbill Capital, remarked, “Physics Wallah is a rare combination of vision, execution, and impact with a thriving 3C model – Content, Community, and Commerce. We are excited to see PW’s use of AI not only to help improve students’ outcomes but also their emotional well-being. We are thrilled to lead this round of investment and support PW in its mission to provide quality education at affordable prices through the use of cutting-edge technology.”
