Edtech startup PW bucks funding crunch trend to become India's latest unicorn

PW or PhysicsWallah, an Indian edtech startup that offers coaching for engineering entrance exams, has achieved the unicorn status after raising $100 million in its Series A round from Westbridge and GSV Ventures.

The transaction comes at a time when the Indian edtech industry is facing a severe funding crunch as investors adopt a cautious stance toward the sector. As a result, edtech startups in India are having to tighten their purse strings and even resort to drastic steps like layoffs to keep their bottom lines intact.

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