
CosmicTaco
6moPhysicsWallah Launches Massive INR 3,820 Cr IPO
- PhysicsWallah updated its draft red herring prospectus for a major INR 3,820 Cr IPO.
- The offering includes INR 3,100 Cr in new shares and INR 720 Cr in shares from cofounders Alakh Pandey and Prateek Boob.
- Funds will be used for new hybrid centers, lease payments, tech infrastructure, and marketing.
- Two cofounders will each sell INR 360 Cr worth of shares, holding 40.35% each prior to IPO.
- Despite past losses, PhysicsWallah reduced net loss by 78.5% and boosted revenue by 49% in FY25.
Source: Inc42
6mo ago

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