Physics Wallah, a self-funded online education startup, has raised $100 million in its first round of funding led by WestBridge Capital and GSV Ventures, making it the newest edtech to join India’s unicorn club. The company is worth $1.1 billion, according to a prepared statement released on Tuesday. Unicorns are startups valued at $1 billion or more that are privately held.
Other edtech unicorns include the likes of Byju’s, Unacademy, Eruditus, Vedantu, UpGrad and Lead School.
According to a prepared statement, the funds will be used for business expansion, branding, the opening of more offline learning centres, and the introduction of new course options.
Physics Wallah also plans to release instructional content in Bengali, Marathi, Tamil, Telugu, Gujarati, Odia, Malayalam, and Kannada, among other languages.
The startup’s main goal is to reach every corner of the country by 2025 and engage with 250 million pupils, according to the business.
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The event is scheduled to be held on the 8th and 9th of June 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches, and business practitioners.
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