Edtech startup PhysicsWallah files ₹3,820 crore IPO papers
PhysicsWallah, the edtech startup known for its online and offline learning, is gearing up for a ₹3,820 crore IPO.
Most of this—₹3,100 crore—will come from new shares, while co-founders Alakh Pandey and Prateek Maheshwari will sell shares worth ₹720 crore.
The company's revenue jumped 49% in FY25 to ₹2,886.6 crore, and it managed to cut its net loss sharply from over ₹1,100 crore last year to just ₹243.3 crore.
The platform has over 4 million unique transacting users
PhysicsWallah blends digital courses with physical centers—198 locations across 109 cities in India and the Middle East.
In FY25 alone, it had over 4 million people paying for its courses and 4.13 million unique transacting users on its online channel.
The platform covers everything from competitive exams to upskilling across 13 categories.
Its YouTube network is massive too: over 1.37 crore subscribers on the main channel and nearly 10 crore across all channels.
Money from the IPO will help expand their offline presence
By March 2025, their apps had been downloaded more than 6 crore times—a sign of serious engagement.
Money from the IPO will help expand their offline presence further, boost tech upgrades, and support subsidiaries like Xylem and Utkarsh Classes.
Both founders are also selling shares worth ₹360 crore each as part of the offer for sale.