Edtech unicorn PhysicsWallah (PW) has acquired a 40% stake in Sarrthi IAS, a Delhi-based UPSC coaching platform, in a deal that reportedly values the company at around ₹250 crore. The move expands PW’s presence in India’s competitive civil-services examination market.
About Sarrthi IAS
Founded by Varun Jain and Dr. Shivin Chaudhry, Sarrthi IAS offers mentorship-driven UPSC preparation, spanning foundation courses, prelims revision, mains preparation and interview guidance. The platform is expected to keep operating independently while tapping PhysicsWallah’s technology infrastructure and wider student reach.
Strengthening the UPSC vertical
The acquisition is aimed at bolstering PW’s civil-services arm, PWOnlyIAS, as the company builds scale in exam preparation. Reports suggested the combined UPSC business could cross ₹350 crore in revenue in FY26. PhysicsWallah subsequently raised its holding in Sarrthi IAS from 40% to a controlling 51%, with an investment of about ₹71.8 crore, turning it into a subsidiary.
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