Edtech Unicorn PhysicsWallah Turns Into Public Company Ahead of IPO in 2025

-The edtech startup, which was founded in 2020 by Alakh Pandey and Prateek Maheshwari, reached unicorn status in 2022 with a valuation of $1.1 billion after securing $100 million.

-Further, it raised $210 million in a Series B funding round in September 2024, pushing its valuation to $2.8 billion.

-PhysicsWallah is also known for providing free education to over 46 million students through YouTube channels in multiple languages.

PhysicsWallah, an Indian edtech giant, has taken a significant step toward its planned initial public offering (IPO) by transitioning from a private company to a public one. 

The startup’s board of directors approved a resolution to rename the firm from "PhysicsWallah Private Limited" to "PhysicsWallah Limited" in early December 2024. This change marks a key milestone in its preparation for the IPO, which is anticipated in 2025.

The edtech startup, which was founded in 2020 by Alakh Pandey and Prateek Maheshwari, has experienced impressive growth, becoming a unicorn in 2022 with a valuation of $1.1 billion after securing $100 million in funding. 

Further, it raised $210 million in a Series B funding round in September 2024, pushing its valuation to $2.8 billion. The startup operates over 105 offline and hybrid centers across India, offering educational services across various categories, including test preparation, skilling programs, and study-abroad services. 

PhysicsWallah is also known for providing free education to over 46 million students through YouTube channels in multiple languages.

However, despite these expansions, the startup reported a significant net loss of INR 1,131.2 Cr for FY24, up from INR 84.06 Cr the previous year. Nevertheless, its operating revenue saw impressive growth, increasing by 2.6 times to INR 1,940.4 Cr.

PhysicsWallah has also secured prominent investment banks, including Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan, to manage its IPO, which is expected to raise between $400 million and $500 million in 2025.