With its newly-secured $100 million funding, Edtech startup Physics Wallah is looking to expand its business by opening more offline centres and introducing courses in vernacular languages
PhysicsWallah raised the money at $1.1 billion valuation, becoming India's 101st unicorn, the company said. PhysicsWallah said it plans to use the funds for business expansion, branding, opening more offline learning centres, and introducing more course offerings, the company added.
The slowing demand for technology-based education services, coupled with the much-talked-about funding winter, has had a domino effect on India's thriving edtech companies, forcing them to lay off employees, go slow on expansion, cut down excess spends and explore newer revenue streams. Some edtech companies have even shut operations
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"My students inspire me, that’s what keeps me going," says the PhysicsWallah cofounder who shunned an offer worth millions