Indian edtech startup Physicswallah (PW) on Friday announced the close of its Series B funding round, which raised $210 million, taking the company's valuation to $2.8 billion. This represents a 2.5 -fold increase from its previous valuation of $1.1 bn. The round was led by Hornbill Capital and Lightspeed Venture Partners, with continued support from existing investors GSV and Westbridge.

With a student base spread across nearly 98% of India, PW has grown rapidly to become one of the most trusted names in the field of education. Alakh Pande, Founder and CEO, Physics Wallah, expressed his gratitude. Prateek Maheshwari, Co-founder, PW, highlighted the company's vision, "This funding will help us expand, improve our technology capabilities and continue to deliver exceptional learning experiences. FY25 was the year of PW's biggest EBIDTA profit. "

With a focus on inorganic growth and access to the K-12 formal education sector, PW plans to use the funds for consolidation in the education market. The company aims to expand its content, explore mergers, and strengthen its position as a holistic partner in education and career advancement.