IPO-bound PhysicsWallah to invest ₹460 crore in offline, hybrid centers

Edtech unicorn PhysicsWallah, which is eyeing an initial public offering (IPO), is planning to ramp up its offline presence in the country and select overseas markets, according to the details mentioned in DRHP. The company has earmarked ₹460.55 crore from the IPO proceeds for setting up new offline and hybrid centres in India, it said. Of this, ₹234.37 crore will go towards Vidyapeeth centres that focus on JEE, NEET, and foundation courses; ₹49.89 crore towards hybrid Pathshala centres, where students attend live-streamed online classes with on-site faculty support; and ₹176.29 crore towards “Other Centres”, which will cater to diverse segments including defence, chartered accountancy, government exams, and vocational skills.