👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Edtech firm Physics Wallah files for $531m IPO in India
Edtech company Physics Wallah has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) valued at 4,600 crore rupees (approximately US$531.4 million).
The filing was made through the confidential route, according to Moneycontrol.
A significant portion of the IPO is expected to be an offer for sale (OFS).
However, details regarding which investors will sell their shares have not been disclosed.
Recent edtech developments
| Timeline |
|---|
| 14-Mar-2025 📈 Edtech firm Physics Wallah revamps leadership ahead of IPO Physics Wallah reshapes leadership with new directors ahead of its IPO, promoting Prateek Boob to wholetime director. |
| 20-Jan-2025 📚 Edtech firm BrightChamps acquires India’s Edjust BrightChamps acquires Edjust, expanding its K12 edtech reach and enhancing sales in key academic subjects. |
| 21-Nov-2024 📚 Edtech’s new niche in Indonesia: teaching the teachers Edtech startups in Indonesia are shifting focus from students to the underserved teacher market, enhancing educational quality. |
| 12-Jul-2023 📉 Edtech firm Refocus suspends Philippine operations amid numerous complaints Philippine edtech Refocus halts operations amid marketing complaints and financial struggles, impacting 102 employees. |
| 19-Jun-2023 📈 Edtech unicorn upGrad targets profitability in FY 2024 Edtech unicorn UpGrad aims for profitability in FY24 despite reporting losses in FY23, fueled by acquisitions and expansion. |
| 27-Apr-2023 🏫 Edtech firm BrightChamps makes new acquisition to enter B2B vertical BrightChamps acquires Metamorphosis Edu to enhance global K-12 learning offerings, marking its third acquisition. |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.