Question
Which of the following Edtech start-up became the
101st Unicorn of India?Solution
Unicorn: In business, a unicorn is a privately held startup company valued at over US$1 billion. The term was first popularised in 2013 by venture capitalist Aileen Lee. Edtech platform PhysicsWallah (popularly known as PW) has become India’s 101st unicorn by raising $100 million in Series A funding from WestBridge Capital and GSV Ventures. The company was valued at $1.1 billion after closing the transaction. PW will use the funds for business expansion, branding, opening more learning centres, and introducing extra courses. About PhysicsWallah: Founded in 2020 by Alakh Pandey and Prateek Maheshwari, PW focuses on competitive exam preparation. Physics Wallah App/Website provides lectures on the necessary subjects for, NEET, JEE Mains, and Advanced level. It started off as a YouTube channel in 2016, with the two co-founders developing the application and website in 2020.
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