NEW DELHI: Edtech unicorn Physics Wallah has laid off some 70-120 employees, joining a batch of startups which have cut jobs this year amid a tepid funding environment. The company claimed that ...

Physics Wallah, an edtech unicorn, has laid off some 70-120 employees as part of a performance-based evaluation process. Joining a batch of startups cutting jobs amid a tepid funding environment.

Indian education technology startup Physics Wallah announced on Friday that it had raised $210 million as it looks to expand its business, in part via acquisitions, amid troubles in the sector.

The round values Physics Wallah at $2.8 billion, a substantial increase from the previous $1.1 billion valuation it scored in June 2022. The startup has raised over $310 million to date.