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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.
As offline centres struggle to scale, the edtech firm leans back into its digital roots.
When Physics Wallah was preparing to go public, it was clear about where its next leg of growth would come from: offline coaching centres. The push had begun as early as 2022. By the time it filed its IPO papers, the company had earmarked Rs 460 crore from fresh-issue proceeds to fund an aggressive expansion of physical centres. As it noted in its updated draft red herring prospectus:
“We operated 198 Total Offline Centers as at March 31, 2025, which grew at a CAGR of 165.92% between Fiscals 2023 to 2025. To sustain our growth, we plan to strategically …
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.
Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.
While the payments company saw its first full year of profitability in FY26, the real progress will depend on whether it can continue to prove that it’s more than a POS company.
