PhysicsWallah IPO gets Rs 136 crore boost from Think Investments
Global investment firm Think Investments has invested a little over Rs 136 crore in edtech unicorn PhysicsWallah as part of a pre-IPO funding round. The fresh infusion comes as the company gears up for its upcoming initial public offering (IPO) next week.
Think Investments acquires 0.37% stake in PhysicsWallah
As part of the transaction, Think Investments picked up 1.07 crore equity shares, amounting to 0.37% stake in PhysicsWallah from 14 employees of the edtech firm. The shares were bought at Rs 127 per piece, which is 17% above the issue price. This translates into a transaction size of Rs 136.17 crore.
