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

Corporate Strategist

Milking the ruins of Indian Education System

Software Engineer

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 ...

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- 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)

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

Journalist

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

- Physics Wallah (PW) has secured $210 million in Series B funding led by Hornbill Capital, valuing the company at $2.8 billion.
- The funds will be used for geographical expansion, acquisitions, and enhancing content and publication offerings.
- PW aims to enter the K-12 formal education segment and explore mergers with community-driven education platforms.
- The startup, founded in 2020, became a unicorn in 2022 and has since made several acquisitions, including iNeuron and Knowledge Planet.
- PW's revenue is expected to jump over 50% in FY25, despite a net profit drop in FY23. 

 Source: [Inc42](https://inc42.com/buzz/physics-wallah-raises-210-mn-with-an-eye-on-acquisitions-valuation-doubles-to-2-8-bn/)

Physics Wallah Raises $210 Mn for Expansion and Acquisitions

Welcome to Indian Startups's Private Community

Lightspeed Venture Partners has closed a $150-million funding round for Alakh Pandey's PhysicsWallah—a rare deal in India's edtech sector amid declining investor interest due to decreased demand for online learning.

The investors are now carrying out financial due diligence for the deal—which is largely expected to be a primary fund infusion

Physics Walla raises $150Mn

Program Manager

- Ed-tech unicorn **PhysicsWallah** has shortlisted **Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan** as advisors for its planned IPO in 2025.
- The company, valued at **$2.8bn** after a recent fund raise, aims to raise between **$400m-$500m** through the IPO.
- The deal is expected to be a mix of primary and secondary issue of shares, providing growth capital and exit windows for investors.
- There's industry buzz about a targeted valuation of **$4bn-$5bn**.
- If successful, PhysicsWallah could become **India's first ed tech firm** to debut on domestic bourses.

Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ed-tech-unicorn-physicswallah-shortlists-4-i-banks-for-around-400-mn-500-mn-ipo-in-2025-12838274.html)

PhysicsWallah Shortlists Banks for $400-$500M IPO in 2025

India’s only profitable edtech start-up is trying to raise funds not because it needs the money, but to increase its valuation and for potential M&A deals.

Exclusive: PhysicsWallah in talks to raise around $250 million; eyes $3.3-bn valuation

Physicswallah seems to be doing really well

Product Marketing Manager

- Physics Wallah is preparing for an IPO in 2025, lining up pitches from 10 investment bankers next week.
- The edtech unicorn aims for a valuation above $2.8 billion, following its recent $210 million Series B funding.
- Sources indicate the startup is aggressively pursuing its listing plans, though no final decision has been made.
- If successful, Physics Wallah will be India's first edtech startup to go public.
- The IPO plans come amid a challenging period for the edtech sector, with many startups facing financial difficulties. 

 Source: [Inc42](https://inc42.com/buzz/ipo-on-the-cards-physics-wallah-seeks-investment-bankers-for-market-debut-in-2025/)

Physics Wallah Gears Up for 2025 IPO with Investment Banker Pitches

Considering Edtech, Fintech, E-commerce is done

What is the next big thing in India?

Growth Manager

Edtech PhysicsWallah laysoff 120 employees.

PhysicsWallah lays off 120 employees.

Project Coordinator

Alakh Pandey bagged 9.6 crore in FY22. Fair game?

Data Scientist

physicswallah

Zombie startups - Startups that have messed it up already. They are alive but just biting their time. Doom is inevitable for these startups in a few months

I will name a few

Sharechat
Khatabook
Apna
Zepto
Dealshare
Frontrow
Udaan

Please name more. It will help our brothers and sisters to avoid these startups as employers

What are zombie startups in India right now?

99% off. Now $120Mn only.

Software Developer

Any idea how is work culture at physics wallah

Physicswallah work culture

Business Development Manager

https://economictimes.indiatimes.com/tech/startups/pharmeasy-plans-rs-2400-crore-rights-issue-at-90-cut-in-share-price/articleshow/101510154.cms

Pharmeasy with a 90% cut in valuation

Byjus Valuation Sliced By 99% - Rasing a 200 million $ through rights issue at 250 million dollars

Sad state of Indian Edtech. Next would be Unacademy.

BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in BlackRock has cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in early 2022.

BlackRock cuts Byju's valuation by 95% to $1 billion | TechCrunch

Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀

https://www.livemint.com/companies/news/zepto-funding-665-mln-at-3-6-bln-valuation-ipo-next-year-blinkit-instamart-zomato-swiggy-flipkart-quick-commerce-11718939449690.html

Zepto valuation jumps to $3.6bln 💰

- Lenskart, the popular online eyewear retailer, has secured nearly $20 million in funding, led by co-founders Peyush and Neha Bansal, along with CJT Investments and TR Capital.
- The board approved the issuance of 695,875 Compulsorily Convertible Preference Shares (CCPS) at Rs 2,300 each, raising Rs 160 crore ($19.12 million).
- Peyush Bansal invested Rs 70.70 crore, Neha Bansal Rs 70.39 crore, while other co-founders Amit Choudhary and Sumeet Kapahi contributed Rs 9.60 crore and Rs 9.35 crore, respectively.
- This funding follows a $200 million secondary deal where Temasek and Fidelity Management & Research Company acquired shares, valuing Lenskart at over $5 billion.
- Lenskart plans to expand its network of 2,500 stores, with 60% of its revenue coming from India, and aims to leverage its strong financial performance and growth potential in international markets. 

 Source: Business Outreach

Lenskart Raises Nearly $20M Led by Peyush and Neha Bansal

don't know how justified this is, given edtech companies have fired like at least 10k people since 2022's start

https://entrackr.com/2024/04/exclusive-pharmeasy-raises-216-mn-led-by-memg-at-710-mn-valuation/

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

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