Bootstrapped Indian education-technology venture, PhysicsWallah, has enrolled on the unicorn club after accumulating USD 100 million in its initial financing round, led by GSC Ventures and Westbridge Capital. The firm stated that the Series A financing had driven its valuation to USD 1.1 billion.
The edtech start-up strives to utilise the finances for business extension, opening more offline learning centres, branding, and introducing more course offerings, PhysicsWallah indicated in a statement.
The CEO of PhysicsWallah stated that the most recent development would assist the firm in further expanding its vision and implementing new-fangled initiatives to enhance students’ learning curves. Alakh Pandey, founder and CEO, stated that these initiatives and developed concepts would allow students to accomplish a renewed sense of heights in their careers. Pandey indicated that the firm’s commitment remains to spend every greenback for the highest good of its students.
PhysicsWallah family has accomplished more than six million learners and is constantly increasing its bar in education, giving everything that students require with the best-in-class staff to support them in achieving their dreams. Reflecting the fiscal implications of several inexpensive online courses, PhysicsWallah focuses on facilitating affordable education to assist students in acing several entrance examinations.
Alakh Pandey was born in 1991 in Prayagraj. Pandey consistently scored commendable marks in his schooling. He lived his journey from being a conventional physics teacher to becoming a world-renowned physics teacher, YouTuber, and motivational speaker.
When education was swiftly shifted to online mediums during the COVID-19 pandemic, students began following him on the internet and accommodated his easy tricks by asking more of it owing to his easily understandable and straightforward language of teaching assisted with a lot of examples.