Physics Wallah ListedUnicorn
Physics Wallah (PW) is an Indian edtech company that grew out of a YouTube channel teaching physics for JEE/NEET (started 2016) and was incorporated as a company in 2020 by Alakh Pandey and Prateek Maheshwari. It offers affordable online, offline and hybrid test-preparation and upskilling courses, reaching over 10 million paying app users and reporting FY26 revenue of about ₹3,900…
Physics Wallah: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 18 Nov 2025 | IPO | ₹3,480 Cr | source | |
| 19 Sep 2024 | Series B | $210 Mn | Hornbill Capital GSV Ventures Lightspeed Venture Partners WestBridge Capital | source |
| 7 Jun 2022 | Series A | $100 Mn | GSV Ventures WestBridge Capital | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 8 Dec 2025 | Physics Wallah | utkarsh-classes | ₹26.5 Cr (3rd tranche; stake raised from 63.25% to 75.5%) | source |
| 19 Jun 2023 | Physics Wallah | xylem-learning | $61 Mn for 50% stake | source |
| 20 Mar 2023 | Physics Wallah | knowledge-planet-uae | Undisclosed | source |
| 22 Dec 2022 | Physics Wallah | ineuron-stake-purchased-from-s-chand-and-company | ₹13.8 Cr | source |
| 17 Aug 2022 | Physics Wallah | freeco | Undisclosed | source |
Recent Signals
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4 Jun 2026 · regulatory
PhysicsWallah reverses direct student-lending push, shifts to NBFC partnerships source -
28 May 2026 · financial
PhysicsWallah narrows FY26 net loss 90% to ₹24 crore as revenue jumps 35% to ₹3,900 crore source -
18 Nov 2025 · financial
PhysicsWallah lists at ~33% premium on NSE (32% on BSE) after ₹3,480 Cr IPO source
News on Physics Wallah
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Who founded Physics Wallah?
Physics Wallah was founded by Alakh Pandey, Prateek Maheshwari in 2020.
How much funding has Physics Wallah raised?
Physics Wallah has raised $310 Mn across 3 tracked funding round(s), most recently on 2025-11-18. Figures are compiled from cited public sources.
Who are the investors in Physics Wallah?
Investors in Physics Wallah include Hornbill Capital, GSV Ventures, Lightspeed Venture Partners, WestBridge Capital.
What does Physics Wallah do?
Physics Wallah (PW) is an Indian edtech company that grew out of a YouTube channel teaching physics for JEE/NEET (started 2016) and was incorporated as a company in 2020 by Alakh Pandey and Prateek Maheshwari. It offers affordable online, offline and hybrid test-preparation and upskilling…
Where is Physics Wallah headquartered?
Physics Wallah is headquartered in Noida, Uttar Pradesh, India.
What is Physics Wallah's business model?
Physics Wallah's core value proposition centers on Affordable test-prep vs. incumbents, Hybrid online + offline + offline-first delivery, Free YouTube content funnel, AI-first tutoring push.
How does Physics Wallah make money?
Physics Wallah's cited revenue streams include Online course subscriptions, Offline batch/coaching fees, Total operating revenue.