Monday, 06 July 2026India Venture Review · Vol. I · 2026Live · ₹4,200 Cr tracked this quarter
EdTech · Noida
PhysicsWallah
Affordable test-prep at scale
Stage
Series B
Total funding
$312M
₹2.59K Cr
Founded
2020
HQ
Noida
The biography of a startup, told through capital
Funding Journey
From founding to today
4 rounds · $312M raised over 5.4 yrs
Founded 2020
Latest · 14 May 2026
First institutional cheque
$7M
Seed
Jan 2021
Start
Product-market fit
$15M
Series A
Jun 2024
$80M
Series B
Feb 2026
Expansion funding
$210M
Series B
May 2026
Today
Capital growth
How PhysicsWallah scaled, in capital raised
Cumulative · USD
Funding Intelligence
Largest round
$210M
Series B · 2026
Most active lead
GSV Ventures
2 rounds led
Capital growth
$7M → $312M
Cumulative raised
First → latest
5.4 yrs
2021 → 2026
Avg. between rounds
22 mo
Pace of fundraising
Total rounds
4
Seed to today
Every cheque, on record
All Funding Rounds
Showing 4 of 4 roundsTotal raised · $312M
- 14 May 2026Series B$210M₹1.74K Cr
- 01 Jan 2021Seed$7M₹58 Cr
Why it matters
Startup Intelligence
- What they do
- PhysicsWallah is a EdTech company headquartered in Noida, focused on affordable test-prep at scale.
- Problem solved
- Tackling structural inefficiency in India's edtech value chain.
- Why investors care
- Strong Series B traction, India-first distribution, and capital efficiency.
- What to watch next
- Expansion of ARR, geographic reach beyond Noida, and upcoming round signals.
In the press
News & Articles
- The Economic Times12 Jun 2026PhysicsWallah eyes 2x ARR growth as it doubles down on edtech expansion
Founders outline the next 18-month roadmap and hiring plans across Noida and beyond.
- Inc4204 May 2026Inside PhysicsWallah's playbook: how it built a defensible moat in Indian edtech
A deep-dive into product strategy, GTM motion, and how investors evaluate the next milestone.
- YourStory21 Mar 2026PhysicsWallah hires senior leadership ahead of the next funding round
New CXO appointments signal scale-up ambitions and operational maturity.
- Moneycontrol08 Feb 2026Analyst view: why PhysicsWallah is one to watch in EdTech
Sector benchmarks, comparable multiples, and what could drive the next valuation step-up.