In a groundbreaking development that marks a defining moment for India’s startup and education ecosystem, PhysicsWallah, the country’s leading homegrown edtech company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its much-anticipated Initial Public Offering (IPO).
The IPO comprises a fresh issue worth ₹4,000 crore, propelling PhysicsWallah into the ranks of India’s elite tech-led enterprises. The offering is expected to value the company at an estimated ₹40,000 crore, underlining the phenomenal rise of a platform that began as a YouTube channel and transformed into a national education powerhouse.
A Journey Like No Other: From YouTube Videos to the Stock Exchange
Founded by Alakh Pandey, an educator-turned-entrepreneur with a passion for making quality education accessible and affordable, PhysicsWallah’s story is nothing short of inspirational. What began as a solo initiative on YouTube—offering free science and math tutorials—has today become a full-fledged educational platform that has impacted millions of students across India, particularly in Tier-2 and Tier-3 cities.
With this IPO approval, PhysicsWallah becomes the first major Indian edtech company of its kind to go public, marking a new era for online education and digital learning in the country.
IPO Timeline and Structure
PhysicsWallah had initially filed its IPO proposal under the pre-filing route on March 19, 2025. On July 18, 2025, SEBI gave the green light to proceed, setting the stage for one of the most awaited public listings in the startup world this year.
The IPO will include a fresh issue of shares to raise ₹4,000 crore, with additional components expected via secondary share sales from early investors. The capital raised will be used for platform expansion, content development, acquisitions, and technology infrastructure, among other growth initiatives.
Investor Confidence: Backed by Global Giants
PhysicsWallah’s growth has attracted significant interest from global investment giants. It is backed by WestBridge Capital, Lightspeed Venture Partners, and GSV Ventures, all of whom bring deep experience in scaling edtech ventures across the globe.
Their support underscores the company’s strong unit economics, sustainable growth model, and deep engagement with its student base, which sets it apart in a market known for high cash burn.
Redefining Education for Bharat
PhysicsWallah’s success goes far beyond its valuation. It represents a broader shift in how India views education, particularly in underserved regions.
With a mission to make quality test preparation accessible to all, PhysicsWallah offers a wide array of courses for competitive exams like JEE, NEET, UPSC, SSC, and more, at a fraction of the cost of traditional coaching centers. Its hybrid model combines online learning, offline coaching centers, and physical study material, making it a comprehensive solution for India’s aspiring youth.
The platform has helped over 10 million students so far and continues to witness strong user retention, community engagement, and academic outcomes.
Paving the Way for the Next Wave of IPOs
PhysicsWallah’s IPO marks the beginning of what many are calling the “Startup IPO Season” in India. Other notable tech companies like Meesho, Groww, Lenskart, and Pine Labs are also expected to go public in the coming quarters, reflecting growing investor confidence in India’s maturing digital ecosystem.
With India’s digital economy projected to exceed $1 trillion by 2030, PhysicsWallah’s listing signals a maturation point for startups that have built strong foundations during the last decade.
A Symbol of Indian Innovation and Grit
PhysicsWallah’s IPO isn’t just a financial achievement—it’s a symbol of what’s possible when innovation meets purpose. It reflects the story of a middle-class educator who believed that education shouldn’t be a luxury, and who used technology to democratize access at scale.
In the words of founder Alakh Pandey:
“This is not just an IPO; it’s a celebration of millions of students who trusted us, and a reminder that India’s next billion-dollar ideas can come from classrooms, not just boardrooms.”
About PhysicsWallah
PhysicsWallah (PW) is a leading Indian edtech company dedicated to delivering affordable and high-quality education to students across the country. Launched by Alakh Pandey in 2016, the platform now serves over 10 million students, offering comprehensive online and offline coaching solutions for competitive exams. Headquartered in Noida, PW has expanded into multiple verticals including school learning, upskilling, and hybrid education.
