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Physics Wallah to raise new funding; public offer next
Hindustan Times Ranchi
|February 12, 2025
Edtech startup Physics Wallah is set to raise ₹200-230 crore ($22-26 million) in a secondary funding round led by existing investor WestBridge Capital, according to two persons in the know.
BENGALURU/MUMBAI: The deal values the company at $3.7 billion—up from $2.8 billion just six months ago.
Physics Wallah is also expected to offer to buy back stock options awarded to about 1,000 employees, one of the two people said. The transaction was closed last month, they added. A secondary transaction refers to the sale of existing shares by investors or employees to new or existing investors, without the company issuing new shares or raising fresh capital.
This story is from the February 12, 2025 edition of Hindustan Times Ranchi.
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