Company Listed: The two founders of edtech company Physics Wala are in talks with investment bankers after completing a funding round of $210 million. According to Business Standard, they are preparing to list the company in the stock market through this IPO.

According to the report, the matter is still in a very early stage, but the founders have selected a group of investment bankers to bring the company's IPO and are actively discussing with them. The talks are still in the early stages, but according to media reports, the company is preparing to bring an IPO of $ 40-50 million. After the IPO, Physics Wala, started by Alakh Pandey and Pratik Maheshwari, will become India's first publicly listed edtech company in the last two-three years. The company has come up with a plan to raise funds through an IPO

of $ 138 million
at a time when the Indian edtech sector is going through a difficult phase. According to data from The Credible, edtech startups have raised a total of about $ 138 million in capital through 21 deals in the first half of 2024. This is much lower than the $456 million raised in 2023, $2.3 billion in 2022 and $5.8 billion in 2021.

Physics Wala's listing plan is being compared to edtech company Byju's, which was once the poster child of the Indian startup world, but its fortunes crashed before it could soar in the market due to regulatory issues and disputes with investors. $1 billion valuation Physics Wala is one of the few edtech unicorn startups with a valuation of more than $1 billion and which is currently making profits. However, the company has not yet disclosed its FY24 financials. The company has made profits for the third consecutive year by collecting revenue of Rs 771.76 crore in FY23. The company expects to have its best performance in terms of EBITDA profitability in FY25. EBITDA is a company's earnings before interest, tax, depreciation and amortization. Physics Wala's previous fundraise has upgraded it in terms of valuation, making it the third-largest edtech firm. After Byju's bankruptcy, Unacademy and Eruditus occupy the top-2 positions. Byju's valuation was $22 billion in 2022. Physics Wala completed a $210 million Series B funding round last month, taking its post-money valuation to $2.8 billion. The round was led by Hornbill Capital, with significant participation from existing investors GSV Ventures and Westbridge Capital as well as Lightspeed Venture Partners. Started in 2014 The Noida-headquartered company Physics Wala started in 2014 as a YouTube channel. Since then, it has garnered nearly 4.6 crore subscribers through more than 112 YouTube channels in five Indian languages. The company currently has 55 lakh paid students and more than 14,000 employees. It is operating in 105 cities of the country through technology enabled offline and hybrid centers.