INFOGRAPHIC: Top Asian Startup Funding — Week 38
These are the funding deals we tracked in the Asian region this week – featuring Physics Wallah, Whatfix, Onsurity, M2P Fintech, and Redcliffe Labs.
- India's Physics Wallah Raises $210 Million in Series B Round to Expand Edtech Services
- India's Whatfix Secures $100 Million in Primary and Secondary Funding to Expand Global Market Share
- India's M2P Fintech Raises $50 Million to Grow API Infrastructure and Meet Working Capital Needs
- India-based Onsurity Secures $45 Million in Series B to Expand Digital Healthcare Products
- India-based Redcliffe Labs Secures $42 Million in Series C to Expand Diagnostic Services in Tier II and III Cities
Physics Wallah Raises $210 Million in Series B Round to Expand Edtech Services
India-based Physics Wallah, a leading edtech platform for engineering entrance test coaching, has raised $210 million in a Series B funding round led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge. This brings the company's valuation to $2.8 billion.
Founded in 2020 by Alakh Pandey and Prateek Maheshwari, Physics Wallah provides online, offline, and hybrid educational platforms to help students prepare for engineering entrance exams. The company has reached over 4.6 crore students across 98% of India's pin codes.
Physics Wallah plans to use the fresh capital to expand its reach, further develop its educational technology offerings, and meet the growing demand for quality education across India. This funding comes at a time when the Indian edtech sector is facing a severe funding crunch, highlighting the company's strong market position.
