Login

News Post

🔥 4 people are talking about this

PhysicsWallah closes $210 million funding round led by Hornbill Capital valuing it at $2.8 billion

Economic TimesEconomic Times · 7h
PhysicsWallah closes $210 million funding round led by Hornbill Capital valuing it at $2.8 billion

PhysicsWallah, an online coaching platform, has raised $210 million in a funding round led by Hornbill Capital and participated by Lightspeed, valuing the edtech company at $2.8 billion. The funds will be used to expand its offline presence, diversify into new regions, and potentially make acquisitions. Despite the decline in enrollments in Kota, PhysicsWallah has not been affected and plans to add 50 more centers this year. The company's business is divided between online and offline, with 55% coming from online channels. This funding comes at a time when the Indian edtech sector is facing challenges, with some companies opting for offline expansion.

8
View Source

Comments

More Like this

Vedanta block deal: 2.2% equity stake sold for Rs 2,255 crore, GQG likely buyer; stock falls

Vedanta block deal: 2.2% equity stake sold for Rs 2,255 crore, GQG likely buyer; stock falls

Nazara acquires 15.86% stake in e-sports startup Stan for $2.2 Mn

Nazara acquires 15.86% stake in e-sports startup Stan for $2.2 Mn

Musk buys bankrupt parachute company for $2.2 million

Musk buys bankrupt parachute company for $2.2 million

Fodder supplier Cornext raises $2.2 mn funding

Fodder supplier Cornext raises $2.2 mn funding

EquityList raises $2.2 million in seed funding round

EquityList raises $2.2 million in seed funding round

Raymond shares rise 2% as subsidiary bags new realty project worth Rs 2,000-cr

Raymond shares rise 2% as subsidiary bags new realty project worth Rs 2,000-cr

Block Deal: Nykaa slumps over 2% after 2.7 Cr shares change hands; Lexdale likely seller

Block Deal: Nykaa slumps over 2% after 2.7 Cr shares change hands; Lexdale likely seller

Microsoft announces $2.2 bn AI, cloud investment in Malaysia

Microsoft announces $2.2 bn AI, cloud investment in Malaysia

Web3 has potential to create 2.2 Mn jobs in India by 2032

Web3 has potential to create 2.2 Mn jobs in India by 2032

Fodder ecosystem builder Cornext raises $2.2 Mn from Omnivore

Fodder ecosystem builder Cornext raises $2.2 Mn from Omnivore

Download the medial app to read full posts, comements and news.