'Offline scale, new exam categories are the next growth drivers'

PhysicsWallah, which announced the price band for its upcoming IPO on Thursday, is preparing to widen its presence across offline centres and newer exam categories as it enters its next phase of expansion. It is particularly focused on state board preparation and foundational grades, co-founder Prateek Maheshwari tells Anees Hussain. Excerpts:

- PRATEEK MAHESHWARI, CO-FOUNDER, PHYSICSWALLAH

What are the immediate growth priorities for PhysicsWallah over the next few years?

The priority now is to deepen our academic footprint across multiple exam categories and build a strong foundation in offline centres. State board examinations offer a very large headroom for growth and remain relatively under-served. We have already started investing in content and faculty for those segments. Similarly, the grade 6-10 segment we launched in the last two years has been in hyper-growth mode because parents see clear value in structured support at the foundational level. We believe a blended learning model compounds trust and outcomes. Students come to us first through free online content, build a connection with the teaching style, and then many of them choose structured mentorship offline.

What gives you confidence that the offline model can scale up sustainably?