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Physics Wallah’s IPO marked a significant milestone as its shares surged 44% on the first day, valuing the Indian edtech startup at $5 billion. The company raised $393 million through its IPO, with co-founders Alakh Pandey and Prateek Boob selling a portion of their stake. This success contrasts with the broader edtech sector’s struggles, including layoffs and funding shortages. Physics Wallah’s growth from a YouTube channel to a major player highlights its resilience. The company plans to use IPO funds for expansion and technology upgrades, despite challenges faced by rivals like Byju’s and Unacademy.
Key facts
- Physics Wallah’s shares closed 44% higher than their listing price, reaching a valuation of $5 billion.
- The IPO raised $393 million, with co-founders Alakh Pandey and Prateek Boob selling $42.9 million worth of shares.
- The company’s revenue grew 49% to $326 million in 2025, with 4.5 million paying subscribers.
- Physics Wallah operates 303 offline centers across 152 cities, up from 182 last year.
- Its valuation now exceeds previous private valuations, contrasting with the sector’s overall downturn.
