Leading Edtech unicorn PhysicsWallah has turn into a public company as it prepares for its initial public offering (IPO) in 2025

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Alakh Pandey & Prateek Maheshwari founded the company in 2020, and it currently offers offline and hybrid centers in over 105 locations across India

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Earlier this month, the board of directors of PhysicsWallah approved a resolution to rename the company

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Resolution changes the name to ‘PhysicsWallah Limited’ from ‘PhysicsWallah Private Limited’ in order to become a public company

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Earlier this year, PhysicsWallah appointed Axis Capital, Kotak Mahindra Capital, Goldman Sachs, & JP Morgan as bankers for its $400-$500 Mn IPO next year

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The startup plans to float its equity shares on "one or more stock exchanges"

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PhysicsWallah raised $210 million in its Latest Series B fundraising round, led by Hornbill Capital, in September of this year, at a valuation of $2.8 Bn

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It’s net loss increased to INR 1,131.2 Cr from INR 84.06 Cr in FY23. Operating revenue increased 2.6x to INR 1,940.4 Cr in FY24 from INR 744.3 Cr in FY23

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Their educational services include two Gurukulam Schools, test preparation in 43 categories, a skilling vertical, and verticals for higher education, studying abroad

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It also claims to provide free education to more than 4.6 million pupils via its 112 YouTube channels in five vernacular languages

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