Edtech startup Physicswala has become a unicorn as it has raised $100 million through a Series A funding round from investors such as Westbridge Capital and GSV Ventures.
This was announced by the company in a statement issued on Tuesday, June 7.
According to the statement, the deal will cost Physicswala $1.1 billion. The funds will be used to expand business and open more learning centers as well as launch more offerings.
Physicswala also plans to launch education content in several Indian languages such as Hindi, Bengali, Gujarati, Kannada, Malayalam, Odia, Tamil and Telugu as part of its development plans.
The company currently has 1,900 employees including 500 teachers and 90-100 technical experts. It has 200 associate professors to answer the questions of the students and another 200 professionals to prepare the exam questions and term papers.
Valhalla Alakh Pandey, Founder and CEO, Physics, said on the development, “We are delighted to join the unicorn bandwagon with this latest funding. Since its inception, we have focused on providing high quality education at the forefront, ensuring that learners from all walks of life can continue their higher education and pursue their career without any hassle. This latest development will help us take our vision forward and implement new initiatives to enhance the learning journey of the students.”