PhysicsWallah raises $210 million, SAM, Khaitan advise edtech fundraise

Indian edtech startup PhysicsWallah has secured $210 million in a Series B fundraise led by Hornbill Capital, Lightspeed Ventures Partners, as well as other investors.

Shardul Amarchand Mangaldas & Co advised PhysicsWallah on this fundraise.

The transaction team consisted of Manish Gupta (Partner), Ashish Ahluwalia (Partner), Vivek Shekhar Tiwari (Senior Associate) and Shivangi K (Associate).

SAM also advised Hornbill Capital on this transaction.

The transaction team consisted of Abhishek Guha (Partner), Tanya Uppal (Partner), Rohan Arora (Partner), Amrita Ghosh (Senior Associate) and Akanksha Khare (Senior Associate).

Khaitan & Co advised Lightspeed Venture Partners on their participation in the fundraise. The Firm assisted Lightspeed in examining the business model of PhysicsWallah from an Indian law perspective; assisted Lightspeed in reviewing the legal due diligence report for PhysicsWallah, from an Indian law perspective and proposed changes to the transaction documents; and advising Lightspeed on the Indian competition law aspects of the transaction.

The core team consisted of Bharat Anand (Partner), Nidhi Killawala (Partner), Ayushi Mishra (Principal Associate) and Ishaan Chopra (Associate) with assistance from the following:

Indian competition law aspects: Pranjal Prateek (Partner), Soham Banerjee (Principal Associate), Rishabh Vohra (Associate) and Shubhanshu Jain (Associate);

Education law related aspects: Sanchit Agarwal (Partner).

Previously Vertices Partners had also advised Physicswallah in several of their deals including acquisition of iNeuron Intelligence and Utkarsh Eductech.

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