PhysicsWallah raised its Series A round from financial backers which also included Westbridge and GSV Ventures,
The raise made it India’s 101st Unicorn.
Since its inception, we have focused on delivering high-quality education with affordability at the forefront, ensuring that learners from all walks of life can continue their higher education and boost their career trajectory without any hassles,” ~ Alakh Pandey, Founder and CEO, PhysicsWallah
According to some reports, India’s EdTech industry is ready to reach $30 billion in the following 10 years.
The Journey Till Now
PhysicsWallah was established in 2016.
It came into existence when YouTube STEM teacher Alakh Pandey who was later joined by tech chief Prateek Maheshwari came up with some ideas to bring education to a new level.
They provided online and offline courses and study material for NEET, JEE, and other related exams. The stage offers live classes, video addresses, test series, and dynamic activities for the tests.
PW as of now has laid out more than 20 focuses across 18 urban areas with more than 10,000 understudies selected for the 2022-2023 meeting.
There is a lot more in their cart to offer, which can be seen clearly with the time.
What Comes Ahead In The Journey
This latest development will help us further our vision and implement new initiatives to augment the learning journeys of students, thereby enabling them to reach new heights in their careers,” Alakh Pandey, founder and CEO, PhysicsWallah.
The organization intends to use these assets for business development.
The association also looks forward to branding, opening more PW learning centers, and introducing more course offerings in the segment.
With 5.2 million downloads on the google play store and 6.9 million supporters on the YouTube channel, PhysicsWallah makes sure to the demands and necessities of the time and people.
PhysicsWallah came sixth in the group of Edtech startups listed to be unicorns, just after BYJU’S, Unacademy, Emeritus, upGrad, Vedantu, and LEAD.
“The company has been profitable since inception, with positive cash flows and reserves,” said Pandey. “Our revenue saw a nine-fold jump in the year 2021-2022 over a year earlier. Our current run rate for 2022-23 is $65 million,” ~ Deborah Quazzo, GSV Ventures Managing Partner
With the massive achievement and great success in the plan, the startup seems all set to go and explore more.
PW is now equipping to send off instructive substance in nine vernacular dialects,
Languages such as Bengali, Marathi, Tamil, Telugu, Gujarati, Odia, Malayalam, and Kannada will be focused on.
The central thought behind this progression is to arrive at each side of the nation and associate with more than 250 million understudies by 2025. The firm hopes to connect the availability hole by opening 20 disconnected training homerooms, also known as Pathshala, across India ~ source
After all these achievements in Edtech groups, it is very much clear that not just for now but for the long run Edtech has a massive future with the offering in their sectors.
Still, a lot to be covered and encountered in the Indian startup ecosystem. The way it is getting higher there is no wonder where the next one is going to pop from.