🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
🔥 1 person is talking about this
Why PhysicsWallah backer WestBridge is still keen on edtech despite Byju’s downfall
VCCircle
·
4m ago
Medial
WestBridge Capital remains optimistic about India’s edtech potential despite Byju’s challenges. As a backer of PhysicsWallah and Adda247, WestBridge sees continued growth opportunities in the sector. The firm’s co-founder, Sandeep Singhal, emphasized their investment interest in the thriving edtech market. This confidence persists even as the pandemic-era surge that boosted many edtech startups fades, indicating a belief in the long-term viability and expansion of online education platforms in India.
View Source
1
Related News
YouTube, Unicorn, $500-Million IPO: PhysicsWallah Founder Alakh Pandey's Rags to Riches Story
OutlookIndia
·
4m ago
Medial
PhysicsWallah, founded by Alakh Pandey, is a unicorn edtech startup in India poised to launch a $500 million IPO. Alakh Pandey, who dropped out of college to become a full-time tutor, created PhysicsWallah from modest beginnings, focusing on affordable education. The startup, co-founded with Prateek Maheshwari, has expanded into offline centers and amassed significant user engagement online. Despite facing edtech sector challenges, PhysicsWallah continues to grow while aiming for strategic acquisitions and broader market penetration.
View Source
Edtech unicorn PhysicsWallah receives SEBI nod for IPO
Entrackr
·
9d ago
Medial
Edtech unicorn PhysicsWallah receives SEBI nod for IPO Backed by investors including Lightspeed, WestBridge, Hornbill Capital, and GSV Ventures, PhysicsWallah has an estimated valuation of $2.8 billion. Edtech unicorn PhysicsWallah has received approval from the Securities and Exchange Board of India (SEBI) for its pre-IPO draft filing, clearing a major regulatory hurdle on its path to public markets. The Noida-based company submitted its draft under SEBI’s confidential route in March this year. With this approval, PhysicsWallah is set to raise around Rs 4,600 crore (about $533 million) through a mix of fresh issuance and an offer for sale, joining the pipeline of new-age tech firms eyeing the bourses in 2025. Backed by investors including Lightspeed, WestBridge, Hornbill Capital, and GSV Ventures, PhysicsWallah has an estimated valuation of $2.8 billion. It will also become the first edtech unicorn to hit the stock exchange. In March, the company inducted three independent directors to its board to align with public company norms and best practices. Last month, it also appointed Satish Sharma as Chief Marketing Officer to bolster its brand strategy and expansion plans. PhysicsWallah also completed its conversion to a public entity this year, a prerequisite for listing on the Indian stock exchanges. The move is part of the company’s broader strategy to institutionalize operations as it prepares for public scrutiny and capital market participation. While the company has yet to file its annual financial statements for FY25, it posted revenue of Rs 1,940.4 crore for FY24 with a loss of Rs 375 crore. The company has a deep focus on offline operations and expects to clock more than Rs 1,000 crore in revenue from this segment. It also plans to open more centres in both existing and new cities. The development comes at a time when the edtech sector is struggling in terms of fundraising and scaling. However, PhysicsWallah’s IPO will mark a significant milestone for the Indian edtech sector, potentially paving the way for more tech startups to test the public markets.
View Source
Byju Raveendran Blames Investors For Driving BYJU’S Valuation To Zero
Inc42
·
9m ago
Medial
BYJU Raveendra blames investors for BYJU'S downfall, stating that their push for aggressive expansion and subsequent desertion of the company when the market downturned led to the edtech giant's valuation dropping to zero. Raveendran adds that it became impossible for BYJU'S to raise funding after three marquee investors left its board last year.
View Source
PhysicsWallah closes $210 million funding round led by Hornbill Capital valuing it at $2.8 billion
Economic Times
·
10m ago
Medial
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.
View Source
Edtech firms turn to hybrid models to ace business sustainability test
Economic Times
·
7m ago
Medial
The edtech sector is recovering from significant challenges, including Byju’s downfall, by adopting sustainable practices and focusing on tangible results. Funding has improved, with investments nearly tripling to $608 million in 2024, though still below 2022 levels. Companies are emphasizing hybrid models, combining online accessibility with offline personalization. AI is reshaping the industry by enhancing personalized learning and content creation. Overall, the sector anticipates growth and innovation, driven by increased investor confidence and AI potential.
View Source
Baron Capital marks up Swiggy, Pine Labs valuation; almost halves Byju’s value
Economic Times
·
1y ago
Medial
US asset management firm Baron Capital Group has increased the valuations of food delivery firm Swiggy and fintech platform Pine Labs as of June this year, citing a positive outlook on India's macroeconomic environment. However, Baron slashed the valuation of edtech company Byju’s by almost half due to recent events, including changes in auditors and board resignations. This reflects Byju’s challenges, including disagreements with lenders, investors, employees, and customers. Despite this, Baron still sees potential in Byju’s as India's largest edtech player with structural growth opportunities in online education services.
View Source
Exclusive: PhysicsWallah set to raise $150 Mn at $2.8 Bn valuation
Entrackr
·
1y ago
Medial
While the edtech space has been going through a long spell of the so-called ‘funding winter’, PhysicsWallah (PW) appears close to raising a new large round. Fresh funding will be led by new investors whereas existing investors including Westbridge and GSV Ventures will also participate, three sources aware of the discussion told Entrackr. “PhysicsWallah is set to raise $150 million from new and existing backers,” said one of the sources requesting anonymity. “The terms of the deal have been sealed and the transaction is likely to be public soon.” This will be the second financing round for the Alakh Pandey-led firm in the past two years. PhysicWallah raised $100 million in a Series A round led by Westbridge and GSV Ventures in June 2022. “PhysicsWallah will be valued at around $2.8 billion in the new round,” said another source who also wished not to be named. This will be over a 2.5X jump in the company’s valuation as PhysicsWallah was valued at $1.1 billion in its Series A funding. Queries sent to PhysicsWallah and Westbridge didn’t elicit any immediate response. We will carry their comments in case they respond. According to the startup data intelligence platform TheKredible, WestBridge held a 2.4% stake in PhysicWallah while GSV owned 1.44% as of the Series A round. Its co-founders Alakh Pandey and Prayeek Maheshwari cumulatively command 86.54% of the company. PhysicsWallah started with online coaching for IIT/JEE but has now become a full-fledged education firm, offering offline coaching, schools, colleges, and upskilling programmes. According to sources, about 30% of its revenue comes from JEE and NEET coaching whereas offline coaching (via Vidyapeeth and Pathshala) contributes 35% of the collection. While the company is yet to disclose FY24 numbers, PhysicsWallah’s revenue surged 3.3X to Rs 779 crore in FY23. At the same time, the firm’s profit declined more than 90% to Rs 8.87 crore in FY23. In November last year, the company laid off 120-150 employees as a cost-cutting measure. Entrckr was the first to report the development. As per data compiled by TheKredible, edtech startups raised only $138 million across 21 deals during the first half of 2024. This is a sharp fall from $456 million in 2023, $2.3 billion in 2022, and $5.8 billion in 2021. The funding news is the strongest testament yet to the investor conviction in PhysicsWallah’s long-term strengths. This incredible loyalty and credibility with the student community other edtechs have simply not been able to earn for love or money. The valuation also indicates a relatively long time investors are willing to wait it out for the firm to deliver on its potential and declared ambitions. A funding round in this environment will not just buy PhysicsWallah time, but also provide the gunpowder to scale up at a much lower cost thanks to the emasculated state of the competition.
View Source
Exclusive: PhysicsWallah converts to public entity ahead of 2025 IPO
Entrackr
·
7m ago
Medial
Edtech unicorn PhysicsWallah is gearing up for a definitive initial public offering (IPO) plan in 2025, taking its first major step toward public listing by converting into a public entity. The board at PhysicsWallah has approved a resolution to change its status to a public company and rename it from PhysicsWallah Private Limited to PhysicsWallah Limited, as per its regulatory filing. As part of this move, PhysicsWallah plans to list its equity shares on one or more stock exchanges. While the company hasn’t given any timeline, it’s expected to list on the stock exchanges in the second half of 2025.
View Source
Edtech startup Adda247 acquires Veeksha to strengthen test prep amid competition
Money Control
·
2y ago
Medial
Edtech startup Adda247 has acquired Veeksha, a move aimed at enhancing its test preparation offerings in the face of increasing competition. The acquisition will enable Adda247 to bolster its position in the market by leveraging Veeksha's expertise and resources. The deal reflects Adda247's commitment to expanding its reach and providing comprehensive educational solutions to students preparing for competitive exams. This comes months after Adda247 allegedly spent as much as Rs 100 crore to poach five teachers from PhysicsWallah, another WestBridge Capital-backed company, to start a platform on YouTube called Sankalp.
View Source
VCs conservative on edtech, content firms: Coursera CEO
Livemint
·
1y ago
Medial
The downfall of Byju's, India's leading edtech startup, has had a ripple effect on the tech industry, causing caution among venture capital and private equity funds. Coursera CEO Jeff Maggioncalda mentioned in an interview that the edtech industry in India and China is facing challenges. He also stated that content creator-based edtech startups are struggling to attract investors due to a lack of differentiation and distribution. Despite the challenges, Coursera expects consistent global growth and aims to be profitable by the fourth quarter of 2022. Maggioncalda also mentioned the importance of regulations for the industry's future in India.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in