PRATEEK MAHESHWARI
PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%
The recovery followed a disruption to the admission cycle after the NEET UG (National Eligibility cum Entrance Test - Undergraduate) results were delayed till July 16. Although online enrolments for the medical entrance examination grew over 30% in the September quarter, the company said admissions and collections for the full admission cycle remained below last year.
Lenskart, Nykaa, PhysicsWallah see Q2 profits surge
New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top 5.
AI hiring startup Hunar.AI raises Rs 40 crore from Blume Ventures, others
The AI-hiring startup plans to use the money for AI infrastructure, product development and sales and market expansion, targeting businesses that need to recruit and manage large workforces across locations and languages.
PhysicsWallah's Alakh Pandey to move base to South India for business expansion
Taking the first step in this direction, PhysicsWallah (PW) has signed a five-year partnership with Mohan Babu University (MBU) through which it will provide online AI, skilling and career-focused courses to nearly 18,000 students of the university.
Tech layoffs continue; ITC Infotech-Happiest Minds to merge
Happy Tuesday! Tech giants Oracle and Microsoft are planning to restructure their India workforces. This and more in today’s ETtech Morning Dispatch.
Lightspeed exits PhysicsWallah in Rs 550 crore block deal with 30% return
The transaction gives Lightspeed a relatively modest return from its nearly two-year investment in PhysicsWallah. The investor had put about Rs 420 crore into the company in October 2024. PhysicsWallah's prospectus puts Lightspeed's acquisition cost, adjusted for subsequent conversion and bonus shares, at Rs 89.86 apiece.
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PhysicsWallah Q1 loss narrows 31%; retains FY27 growth target
The company reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 52 crore, compared with a Rs 21 crore loss a year earlier. Other income nearly doubled to Rs 109 crore. Excluding other income and accounts for lease payments, the company remained loss-making at Rs 44 crore, although the loss narrowed from Rs 89 crore.
Physicswallah shares rally 18%, snap 5-day losing streak. What's behind the surge?
PhysicsWallah shares rose sharply on Thursday, adding nearly Rs 5,000 crore in market value after the company reversed its lending strategy and partnered with regulated NBFCs for student loans. The move, aimed at reducing balance sheet and credit risks, helped the stock snap a five-session losing streak.
PhysicsWallah dials down schools push after investor unease
PhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away from capital-intensive school operations. This pivot aims to reassure investors by focusing on school partnerships and online platforms, while limiting K-12 revenue contribution to less than 1%.
PhysicsWallah aims to grow revenue by over 30% this fiscal, leverage AI to cut cost
PhysicsWallah anticipates revenue growth exceeding 30% this fiscal year. The edtech firm plans to utilise artificial intelligence to significantly lower operational expenses. This strategic focus on AI aims to enhance efficiency in education delivery. The company has already seen success in AI-powered doubt resolution and evaluation of answer sheets.
PhysicsWallah claims Rs 205 crore collection in first 20 days of new online batches
Edtech firm PhysicsWallah achieved significant growth. Collections reached Rs 205 crore within 20 days of launching online batches. This marks a 36 percent increase compared to the previous year. Over 34 lakh students participated in the Vishwas Diwas event. The company saw 4.39 lakh enrolments, expanding its reach to new pin codes across India.
FY27 will bring ‘substantial profits’ amid rising momentum: Prateek Maheshwari, PhysicsWallah
PhysicsWallah is charting an optimistic course in the edtech sector, reporting a strong first half of FY26 with significant revenue and PAT growth. The company anticipates turning fully PAT positive by FY27, with its offline business also becoming EBITDA positive, driven by AI integration and cost efficiencies.
Lightspeed's Ravi Mhatre & Bejul Somaia on AI bubble, new India fund & more
Happy Wednesday! Silicon Valley-based Lightspeed's partners spoke to us exclusively on all things AI. This and more in today's ETtech Morning Dispatch.
PhysicsWallah gearing up for aggressive 3-year expansion, aiming for 55% online revenue by FY30: Prateek Maheshwari
PhysicsWallah is set for aggressive expansion, deploying IPO proceeds to open 200 offline centres in three years while scaling its profitable online business across 11 Indic languages. The edtech firm has launched its ₹300-per-month OTT learning platform ‘Pi’, is boosting state-board offerings, and expects online revenue to rise to 55% by FY30 as premium courses gain traction.
PhysicsWallah is the ‘good boy’ in a tough neighbourhood: Cofounder Prateek Maheshwari
PhysicsWallah’s founders celebrated the company’s strong market debut and its rise from a small Allahabad room to a prominent publicly listed edtech firm. They stressed that the IPO is only a minor milestone, reaffirming their mission to deliver affordable education nationwide and bring forward talent from every corner of the country.
PhysicsWallah’s growth prospects justify IPO valuation despite rising losses: Analysts
PhysicsWallah's stock surged on its market debut, surprising many after a subdued initial public offering. The edtech firm's valuation is under scrutiny due to increasing losses. Despite this, the company is in a hyper-growth phase. Analysts are divided on its valuation, but agree on its growth potential in the edtech sector.
PhysicsWallah IPO: Important numbers to know before the listing
PhysicsWallah, soon to become India’s first publicly listed edtech firm after the sector’s shake-up, saw a slow start to its IPO before institutions lifted demand on the final day. Subscription was mixed, the grey market cooled, and anchor investors played a major role. Here are all the numbers you need to know before the listing.
PhysicsWallah’s Rs 3,480 crore IPO opens: here's all you need to know
PhysicsWallah has opened its IPO for subscription, and is set to become India’s first edtech firm to go public after Byju’s collapse. Priced at Rs 103–109 per share, the issue closes on November 13. The shares are expected to list on the NSE and BSE on November 18.
PhysicsWallah IPO: Alakh Pandey on edtech’s valuation, expanding offline network and more
PhysicsWallah IPO: Edtech unicorn PhysicsWallah, which will launch a Rs 3,480-crore initial public offering (IPO) on November 11, plans to double down on its offline network and diversify into new geographies, particularly in the South. The company, with around 300 offline centres, aims to have a total of 500 centres in three years, Alakh Pandey, cofounder and CEO of PhysicsWallah said.
From YouTube to classrooms: PhysicsWallah’s ₹3,100-crore fresh issue to fund offline push, hybrid growth
Edtech unicorn PhysicsWallah plans to raise ₹3,100 crore to open 200 new offline centres, boost branding, and strengthen tech infrastructure. Co-founders Alakh Pandey and Prateek Maheshwari said the expansion marks a hybrid growth phase, blending online scale with tech-enabled classrooms. The company remains cash-positive, generating ₹500 crore operational cash in FY25, and expects profitability soon.
PhysicsWallah IPO to open on November 11 with price band of Rs 103-109 a share
PhysicsWallah IPO opens November 11: The edtech unicorn PhysicsWallah will launch its Rs 3,480 crore issue next, targeting a Rs 31,500 crore valuation. Cofounders Alakh Pandey and Prateek Maheshwari will sell shares worth Rs 380 crore. Proceeds will fund new centres, leases, subsidiaries, and acquisitions. FY25 revenue rose to Rs 2,886 crore, with losses narrowing to Rs 243 crore.
Physics Wallah’s Alakh Pandey shoots past Shah Rukh Khan with a meteoric wealth jump as the YouTube unicorn soars despite losses
Alakh Pandey, founder of Physics Wallah, has overtaken Shah Rukh Khan in the Hurun India Rich List 2025 with a 223% surge in wealth to ₹14,510 crore. His co-founder, Prateek Maheshwari, also matched the rise, despite the edtech unicorn posting losses. Meanwhile, SRK entered the billionaire club with a 71% jump in wealth, boosted by Red Chillies Entertainment and Jawan. Physics Wallah is now gearing up for a ₹3,820 crore IPO.
PhysicsWallah files updated papers for Rs 3,820 crore IPO, Alakh Pandey, Prateek Maheshwari to pare stake
PhysicsWallah (PW) has filed its updated draft red herring prospectus (UDRHP) with Sebi, aiming to raise Rs 3,820 crore through a mix of fresh issue (Rs 3,100 crore) and an offer-for-sale by its cofounders Alakh Pandey and Prateek Maheshwari (Rs 3,600 crore each).
Janitri raises $1.4 million pre-series A led by investor Ashish Kacholia
Janitri, a Bangalore-based maternal healthcare technology firm, secured $1.4 million in pre-Series A funding. Ashish Kacholia led the investment round. The company plans to use the funds to expand its reach across India.
Bengaluru couple reveals why they preferred a country smaller than Goa over Dubai, US
Prateek Gupta and Neha Maheshwari moved from Bengaluru to Luxembourg in 2020, opting for a better quality of life over higher earnings. They appreciate lower taxes, government-sponsored health insurance, and affordable luxury cars. European holidays are also more accessible due to proximity and currency advantages.
Physics Wallah eyes offline expansion in 2024 with 100 physical centres
“Currently, we have more than 60 centres. By next year we are targeting 100 centres. This year we catered to 1.4 lakh students, which should go up to 2.4 lakh,” cofounder Prateek Maheshwari said.
Upgrad MD Mayank Kumar steps down as co-chair of India Edtech Consortium
Physicswallah cofounder Prateek Maheshwari has replaced Kumar, who stepped down as co-chair of the edtech body early September, according to an emailed announcement sent to some other members of the forum.
Startups better than MBA for learning skills to start your own company, entrepreneurs say
Ahead of World Entrepreneurship Day on August 21, many founders noted that while an MBA programme provides valuable managerial skills, it is not a prerequisite for starting a new company.
ETMarkets Management Talk: Physics Wallah records 3x jump in FY23 revenue, FY24 target of Rs 2,500 crore: Prateek Maheshwari
We experienced a remarkable three-fold increase in revenue, generating approximately Rs 780 crore ($95 million) in FY23 compared to Rs 233 crore in the previous year. We anticipate that the company will register a sizable profit for the year, indicating that our revenue growth is likely to translate into a significant increase in profits. We will continue to maintain the momentum of our growth in the future.
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