Global investment firm Think Investments has infused ₹136 crore into PhysicsWallah (PW) through a secondary share transaction, highlighting strong investor confidence in the edtech unicorn ahead of its upcoming public issue. The deal was executed at ₹127 per share, a 17% premium over the IPO’s upper price band of ₹109.
According to reports, Think Investments acquired 1.07 crore shares, representing a 0.37% stake in PW. Importantly, none of the co-founders participated in the transaction, reflecting their continued belief in the company’s long-term growth and valuation potential.
Heightened Investor Activity Ahead of IPO
This latest investment follows a series of ESOP liquidation rounds between January and July 2025, facilitated by Funds India, a WestBridge Capital subsidiary, at prices ranging between ₹127 and ₹137 per share. Several family offices participated in these transactions, investing nearly ₹100 crore collectively further underscoring sustained market interest in PW ahead of its IPO.
₹3,480 Crore IPO to Drive Next Growth Phase
PhysicsWallah’s ₹3,480 crore initial public offering opens on November 11 and closes on November 13, with the anchor book set for November 10. The issue includes a fresh issue of ₹3,100 crore and an offer-for-sale of ₹380 crore by co-founders Alakh Pandey and Prateek Boob.
At the upper price band of ₹109, PW is valued at over ₹31,500 crore. Post-listing, promoter shareholding will fall from 80.62% to approximately 72%. The company plans to use the IPO proceeds for expansion, infrastructure, and brand-building, marking another pivotal milestone in its transformation from a YouTube venture to one of India’s leading edtech powerhouses.
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