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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Aggressive accounting, failed acquisitions and soaring customer acquisition costs lurk beneath India’s first edtech IPO.
Physics Wallah’s initial public offering papers finally appeared in the public domain last week. These are an updated version of the company’s draft red herring prospectus filed in March with the Securities and Exchange Board of India through the confidential route.
The Rs 3,820 crore (around $430 million) IPO is expected either in November or January. It will include a fresh issue of up to Rs 3,100 crore and an offer for sale of up to Rs 720 crore—Rs 360 crore each by co-founders and promoters Alakh Pandey and Prateek Boob (aka Prateek Maheshwari).
Physics Wallah’s upcoming IPO has met …
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
As offline centres struggle to scale, the edtech firm leans back into its digital roots.
AI is set to disrupt the sector. While the path ahead looks tough for legacy publishers like S Chand Publishing and Arihant Publications, things don’t look encouraging for others in the industry either.
