Physicswallah’s INR 3,820 Crore IPO Plan: How’s It Going?
The founders, Alakh Pandey and Prateek Maheshwari, are to sell their shares worth INR 720 crore. Here's how the funds...
Internet's favourite PhysicsWallah is planning an IPO worth INR 3,820 crore (about $431 million) in the coming weeks. The PhysicsWallah IPO is quite big news because it's part of India’s intense IPO wave in 2025. Some key details of the IPO are now out. So, what is the company planning to do with these funds? Who is managing the massive IPO for PhysicsWallah? Are the founders selling their shares as well? For all that, learn more.
Who Owns Physicswallah Right Now?
- Alakh Pandey, Founder and CEO of PhysicsWallah: 40.35%.
- Prateek Maheshwari, Co-Founder, PhysicsWallah: 40.35%.
- WestBridge Capital, a Private equity firm: 6.41%.
- Hornbill Capital, Investment service: 4.42%.
Who’s Involved in the Physicswallah IPO?
- PhysicsWallah is India's leading edtech company, backed by prominent investment firms such as WestBridge Capital and Hornbill Capital Partners.
- Kotak Mahindra Capital, Axis Bank, and the Indian arms of JPMorgan Chase and Goldman Sachs will handle this IPO. Discussion with these top banks is still ongoing. Official IPO dates and price band are still unknown.
The IPO Will Have Two Parts:
- Fresh issue of shares: Reports suggest that about INR 3,100 crore will be the new shares, and it will go to the company (for its expansion plans).
- Secondary sale: The company's founder, Alakh Pandey and Prateek Maheshwari will sell their shares worth INR 720 crore. These funds will go directly to the founders.
Why Does Physicswallah’s IPO Matter to India?
- About 303 companies have joined the waves of IPO so far in 2025. And altogether about $16 billion in funds were raised this year.
- Several experts believe that this year's IPO can beat last year's $21 billion record. And PhysicsWallah's IPO is a huge part of this year's IPO, aiming to raise $431 million.
- The company started as a mere YouTube channel and has since evolved into a billion-dollar enterprise.
- Furthermore, if this IPO does well, it will also boost India's online edtech sector, restoring investors' confidence in the industry.
Final Thoughts...
PhysicsWallah has yet to make an official announcement regarding the IPO. The company’s valuation or timing isn't fixed at the moment and may change as the discussion with the investors is still ongoing.

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