Sonu Prakash

While the edtech space has been going through a long spell of the so-called ‘funding winter’, PhysicsWallah (PW) appears close to raising a new large round. Fresh funding will be led by new investors whereas existing investors including Westbridge and GSV Ventures will also participate, three sources aware of the discussion  “PhysicsWallah is set to raise $150 million from new and existing backers,” said one of the sources requesting anonymity. “The terms of the deal have been sealed and the transaction is likely to be public soon.” This will be the second financing round for the Alakh Pandey-led firm in the past two years. PhysicWallah raised $100 million in a Series A round led by Westbridge and GSV Ventures in June 2022.  “PhysicsWallah will be valued at around $2.8 billion in the new round,” said another source who also wished not to be named. This will be over a 2.5X jump in the company’s valuation as PhysicsWallah was valued at $1.1 billion in its Series A funding. Queries sent to PhysicsWallah and Westbridge didn’t elicit any immediate response. We will carry their comments in case they respond. According to the startup data intelligence platform TheKredible, WestBridge held a 2.4% stake in PhysicWallah while GSV owned 1.44% as of the Series A round. Its co-founders Alakh Pandey and Prayeek Maheshwari cumulatively command 86.54% of the company. PhysicsWallah started with online coaching for IIT/JEE but has now become a full-fledged education firm, offering offline coaching, schools, colleges, and upskilling programmes. According to sources, about 30% of its revenue comes from JEE and NEET coaching whereas offline coaching (via Vidyapeeth and Pathshala) contributes 35% of the collection.  While the company is yet to disclose FY24 numbers, PhysicsWallah’s revenue surged 3.3X to Rs 779 crore in FY23. At the same time, the firm’s profit declined more than 90% to Rs 8.87 crore in FY23. #physicswallah #alakhpanday #pratekmaheswari#indiadailynews #indiadaily #newsdaily #startup #startupro #dailyupdates #newsupdate #newsfeed #news #dailynewspaper #dailynews #startupindia #NewsUpdate #startupnewsindia 

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Edtech unicorn PW (PhysicsWallah) secured $210 million in a funding round led by HORNBILL CAPITAL LIMITED, raising its valuation to $2.8 billion. Participating investors included Lightspeed Venture Partners and existing investors GSV Ventures and WestBridge. The company aims to utilize the funds to scale operations and strengthen its presence in the education market. PhysicsWallah, an Indian ed-tech firm, is a leading online platform providing affordable and comprehensive learning experiences to students from grades 6 to 12 and those preparing for JEE and NEET examinations. With a valuation of $2.8 billion after securing $210 million in Series B funding, the company aims to strengthen its presence in the education market and deliver unmatched learning experiences. Led by Hornbill Capital, the funding round also saw participation from Lightspeed Venture Partners and existing investors GSV and WestBridge. PhysicsWallah's founders, Alakh Pandey (PhysicsWallah) and Prateek Maheshwari, expressed their excitement to partner with these investors and acknowledged their continued trust. The company plans to utilize the funds to strategically scale operations, enhance technological capabilities, and expand its reach. Factacy.ai Congratulates and wishes them well. #innovation #management #digitalmarketing #technology #creativity #futurism #startups

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Zintlr, a B2B SaaS platform specializing in sales intelligence and prospecting, has raised Rs 7.5 crore in a seed funding round led by Om Jain and other investors, including JIIF and Vimal Shah. The startup plans to use the raised capital to scale its team, drive market expansion, and innovate to build new product verticals in intelligence. Read the full story here: 👇 https://lnkd.in/d6VVdgez #b2b #saas #funding #investors #startup #technology #ai #indianstartupnews

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LAIQA Wellness, a femtech firm based in Gurugram, acquired Rs 15 crore from IvyCap Ventures Advisors Private Limited. The company's tech-based solutions, which center on point-of-care assessments, AI-driven suggestions that combine current science and Ayurveda, and personalized hormonal health tracking. The app's unique algorithm helps users manage these shifts for increased productivity, better energy levels, and general wellness. It does this by objectively scoring health factors and providing cycle-synced actionable insights. LAIQA, a new approach to women's wellness, was founded in August 2023 by Monica Bindra, Harmeet Bindra, and Meenakshi Singh. The organization addresses hormonal imbalances through cycle-synced, individualized care. Its products address a broad spectrum of illnesses caused by hormonal imbalances, including PCOS, thyroid disorders, insulin resistance, sleep disorders, and other problems related to lifestyle. #laiqa #femtech #healthcare #india #startup

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Looking forward to sharing the stage with some incredible minds at the Payoneer VIP Connect Pune event this Wednesday! 🏟✨👨‍👩‍👧‍👦 I'll be on a panel discussing the challenges and opportunities facing SMBs. Join us as we dive into the world of service exports and explore strategies for global success. 📈🚀 Want to learn how to scale your business internationally? This event is for you! 🌎 Let's meet, connect and chat about your business goals. 🤝 #Payoneer #VIPConnectPune #ServiceExports #SMBs #SMBGrowth #GlobalBusiness #India #Entrepreneurship #PayoneerVIPConnect #PayoneerIndia #B2B #InternationalBusiness

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Former Unacademy COO raises $11mn in seed funding for new edtech venture Sinha said that the venture would introduce Emversity, a higher education brand, launching its first centre in Bengaluru on April 20. “Our courses also come with ‘built-in income’, so candidates do not have to wait for completion of their formal higher education to earn their first pay cheque. Other features of these courses include ‘work abroad integrated’ modules and extensive placement assistance,” Vivek Sinha added. #BeyondOddsTechnologies #EmversityLaunch #SkillDevelopment #HealthcareEducation #IndustryPartnerships #EmployabilityTraining #HigherEducation #InternshipOpportunities #HealthcareIndustry #CareerDevelopment #TechNews #StartupFunding #Entrepreneurship #BusinessNews #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

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