Edtech unicorn PhysicsWallah has acquired a 40% stake in tie-up with UPSC mentorship platform Sarrthi IAS, valuing the latter at around ₹250 crore. Sarrthi IAS will maintain operational independence while leveraging PhysicsWallah’s advanced technology infrastructure and deep resources.
Sarrthi IAS, founded by Varun Jain and Dr. Shivin Chaudhry, is known for its mentor-driven coaching for civil services aspirants. The platform offers comprehensive programs including GS Foundation, Prelims, Mains modules, and interview preparation.
This strategic acquisition consolidates PhysicsWallah’s position in the UPSC segment alongside its PWOnlyIAS vertical. Together, the combined UPSC offerings are projected to reach over ₹350 crore in revenue in FY26.
The deal comes amid a spate of expansion moves by PhysicsWallah. Earlier talks to acquire major UPSC institutes like Drishti IAS were in advanced stages but ultimately didn’t materialize.
Why It Matters
- Strengthens UPSC Portfolio
The acquisition enhances PhysicsWallah’s foothold in the civil services coaching market with a mentorship-centric brand that complements its existing PWOnlyIAS offering. - Strategic Valuation
Buying 40% of Sarrthi at a ₹250 crore valuation effectively aligns the two companies toward mutual scale and growth. - Revenue Synergy Forecast
With combined revenue expected to exceed ₹350 crore in FY26, the tie-up could drive significant market share gains in the UPSC prep sector. - Accelerates Offline Expansion
Alongside stalled deals like Drishti IAS, this deal reflects PhysicsWallah’s broader strategy to penetrate the offline coaching ecosystem ahead of its IPO. - Backs IPO Strategy
The move aligns with PhysicsWallah’s IPO trajectory, as the deal solidifies its academic depth and offline capabilities, strengthening its public-market narrative.
