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PhysicsWallah Files Updated IPO Papers with SEBI, Targets ₹3,820 Crore Raise
PhysicsWallah Files Updated IPO Papers with SEBI, Targets ₹3,820 Crore Raise
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BTCCSquare news:
Edtech unicorn PhysicsWallah has submitted updated draft papers to SEBI for a ₹3,820 crore IPO, comprising a ₹3,100 crore fresh issue and a ₹720 crore offer for sale by promoters Alakh Pandey and Prateek Boob. The Noida-based firm, which secured confidential pre-filing approval in July, plans to allocate proceeds toward expanding its offline centers and supporting subsidiary Xylem Learning.
The MOVE underscores India's burgeoning edtech sector, where capital deployment increasingly focuses on hybrid education models. PhysicsWallah's strategic investments in physical infrastructure signal a maturation beyond pure digital platforms—a trend mirrored in global edtech valuations.
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