PhysicsWallah has raised ₹200-300 crore in funding from WestBridge Capital, giving the company a valuation of approximately ₹2,000-2,500 crore, which is a major boost to India's edtech industry. The company intends to expand its income five to six times over the next two years, and the increased capital will be used to support marketing, expansion, and technological advancements.
PhysicalWallah plans to launch an initial public offering (IPO) in the next two to three years, with a target price range of ₹5,000 to 6,000 crore. With an estimated IPO size of ₹5,000–6,000 crore, the brand plans to go public in the next two to three years. An important step towards becoming a publicly traded company is that the company has already submitted its draft documents to SEBI (Securities and Exchange Board of India).
Part of the funding round, PhysicsWallah has also made an ESOP (Employee Stock Option Plan) buyback of ₹100-150 crore, which enables employees to share in the financial success of the company. This choice shows that the business is committed to recognizing and keeping talent as it grows.
Alakh Pandey, the company's founder, expressed optimism about the future of the business, stating, "This funding round will enable us to reach our growth ambitions and reach more students."
Started with the aim of providing affordable, quality education, PhysicsWallah is an online coaching institute for JEE and NEET aspirants. Its affordable courses, interactive teaching approach, and result-oriented strategy have earned it a student base that remains loyal to the company.
PhysicsWallah wants to solidify its position as a leader in India's edtech space with this fresh investment and its upcoming initial public offerings.