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

Economic TimesEconomic Times · 2m
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.

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