Edtech Giant PhysicsWallah Secures Pre-IPO Funding at Elevated Valuation
Edtech behemoth PhysicsWallah (PW) is gaining significant momentum just before its blockbuster Initial Public Offering (IPO), thanks to a major pre-listing endorsement. Global investment firm Think Investments has poured ₹136 crore into the company through a secondary share transaction, signaling robust investor confidence in PW’s future growth trajectory.
This strategic investment was executed at a price of ₹127 per share, marking a notable 17% premium over the IPO’s top price band of ₹109. The transaction saw Think Investments acquire 1.07 crore shares, securing a 0.37% stake in the highly-valued edtech firm. Crucially, none of PW’s founders participated in this secondary sale, reinforcing their long-term commitment and belief in the company’s vision.
Strong Investor Appetite Ahead of Mega ₹3,480 Cr IPO
The pre-IPO excitement is not new for PhysicsWallah. Between January and July 2025, the company witnessed substantial investor activity via ESOP liquidations facilitated by Funds India, a WestBridge subsidiary. These tranches saw family offices collectively inject around ₹100 crore at share prices ranging between ₹127 and ₹137, mirroring the strong institutional appetite for the brand.
PhysicsWallah’s much-anticipated IPO, slated to open on November 11 and close on November 13 (with anchor allocation on November 10), aims to raise ₹3,480 crore. This includes a fresh issue of ₹3,100 crore and an Offer-for-Sale (OFS) of ₹380 crore by co-founders Alakh Pandey and Prateek Boob.
The IPO is priced between ₹103 and ₹109 per share, valuing the former YouTube-based learning platform at over ₹31,500 crore at the upper end. Proceeds from the fresh issue are earmarked for funding PW’s aggressive expansion and growth initiatives.
Post-listing, the promoter shareholding is set to adjust from 80.62% to approximately 72%, while existing early investors will maintain their stakes, positioning PhysicsWallah for its next phase of industry leadership.
By: Sandhya Bharti
