Physics Wallah in talks with investment bankers, preps for public listing

The two founders of edtech company Physics Wallah are in talks with investment bankers after closing a funding round of $210 million and as they prepare for an initial public offering (IPO), sources told ‘Business Standard’.

“It is still very early days but the founders have identified and are actively meeting with a set of investment bankers for a potential IPO sometime next year,” said a person familiar with the matter. Talks are in preliminary stages, but according to media reports the company is eyeing a potential issue size of $400-500 million. Physics Wallah, which was founded by Alakh Pandey and Prateek Maheshwari, would become India’s first publicly listed edtech company when its IPO is done.