Thread by @BiIndia

#YouTube channel to a billion dollar company — India’s first profitable #edtech unicorn is here

#PhysicsWallah

businessinsider.in/business/start…

By @Krittiiii

Edtech company #PhysicsWallah, which is also known as PW, is the latest Indian #startup to enter the #unicorn club. The company has raised $100 million in a Series A round from Westbridge and GSV Ventures, at a valuation of $1.1 billion.

A #unicorn, in #startup parlance, is a company valued at over one billion dollars. #PhysicsWallah is the first edtech company to hit this milestone this year. Overall, it is the 101th company in India to achieve this distinction.

#PhysicsWallah plans to use the latest capital for business expansion, branding, opening more learning centers, and introducing more course offerings. It is also looking to launch educational content in nine Indian languages, including Bengali, Marathi, Tamil & more.

“This latest development will help us further our vision and implement new initiatives to augment the learning journeys of students, thereby enabling them to reach new heights in their careers,” said Alakh Pandey, founder and CEO of #PhysicsWallah.

Alakh Pandey had started ‘#PhysicsWallah’ as a YouTube channel back in 2014. Looking at his popularity among students, Unacademy reportedly offered him a salary of ₹40 crore per annum. He turned it down to build @PhysicswallahAP.

moneycontrol.com/news/business/…

The #PhysicsWallah currently has more than 20 centres across 18 cities with more than 10,000 students enrolled for 2022-23 academic year. It has 5.2 million downloads on its app on Google PlayStore and 6.9 million subscribers on #YouTube.

youtube.com/c/PhysicsWallah

Notably, #PhysicWallah is the only profitable #edtech unicorn at the moment and has been bootstrapped throughout its journey. The company raised its first external round today, on June 7.