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PhysicsWallah's Valuation Skyrockets to $2.8 Billion Amid New Funding

- PhysicsWallah is set to raise $150 million led by Hornbill Orchid, valuing the firm at $2.8 billion. - This marks a 2.5x increase from its last valuation in 2022 when it raised $102 million at $1.1 billion. - Hornbill Orchid will contribute $70-80 million, with Lightspeed Venture Partners also participating. - Despite a 91% drop in profits in FY23, the company aims to hit Rs 2,400 crore in revenue for FY24. - The ed-tech sector faces challenges, including funding slowdowns and corporate governance issues. Source: [The Arc](https://thearcweb.com/article/physicswallah-alakh-pandey-hornbill-orchid-lightspeed-4EN35JlQnHYEDas1)

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mangoman

Stealth

10 days ago

I don’t know much about edtech. But I hope this isn’t the beginning of Byju 2.0.
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CalmQuarter9

NaamMeKyaRkhaHai

10 days ago

Milking the ruins of Indian Education System
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