An Indian edtech startup has secured $210 million in fresh financing amid a tough funding environment for edtech companies in the country.

Physics Wallah CEO Alakh Pandey said the company would use the $210 million funding to expand its business and do acquisitions.

BENGALURU: Edtech unicorn Physics Wallah on Friday announced the closure of its largest funding round, raising $210 million. India-focused hedge fund Hornbill Capital led the round, with participation from venture capital funds Lightspeed Venture Partners,

India's leading EdTech platform, has raised $210 million in its Series B funding round, taking its valuation to $2.8 billion. Led by Hornbill Capital and Lightspeed Venture Partners, the investment will drive PW’s expansion across education segments and enhance its technological capabilities.

With this fresh round of funding, Physics Wallah plans to aggressively scale its operations. It also aims for inorganic expansion, entry into the K-12 segment, enhanced content offerings, and potential mergers with community-driven education platforms.