PhysicsWallah Becomes First Indian Edtech Unicorn to Get SEBI IPO Nod
PhysicsWallah, a leading Indian edtech company, has received SEBI approval for its initial public offering (IPO). This makes it the first Indian edtech unicorn to secure such approval. The company reported revenues of Rs 1,940.4 crore in FY24, with an adjusted net loss of Rs 375 crore.
PhysicsWallah, led by Alakh Pandey, offers affordable test preparation and K-12 education content through online platforms and offline centers. The company is valued at around Rs 40,000 crore ahead of its IPO, which is expected to raise approximately Rs 4,600 crore. This will be achieved through a mix of primary share issuance and an offer for sale.
The company is expanding its physical presence, with offline operations expected to contribute over Rs 1,000 crore in revenue. In preparation for its market debut, PhysicsWallah has converted into a public limited entity and appointed independent directors. In 2021, these included Ravi Raj, Saurabh Behuria, and Anish Ranjan. To strengthen its brand and expansion strategy, the company has hired Satish Sharma as chief marketing officer.
PhysicsWallah's IPO, expected to raise Rs 4,600 crore, follows its conversion into a public limited entity and the appointment of independent directors. The company's expansion into offline operations is also a significant step, with these operations expected to contribute over Rs 1,000 crore in revenue.
Read also:
- Unveiling the Less-Discussed Disadvantages of Buds - Revealing the Silent Story
- Grid Risk Evaluation Strategy By NERC Outlined, Focusing on Potential Threats from Data Centers
- Rapid Expansion in Organic Rice Protein Market Projected at 15.6% Through 2034
- Vantor & Lanteris Fuel US Intelligence with Innovative Tech
