Global investment firm Think Investments has invested over Rs 136 crore in edtech unicorn PhysicsWallah ahead of its IPO next week. The funding is part of a pre-IPO round as the company prepares for its public debut.
According to the disclosure, Think Investments bought 1.07 crore shares from 14 PhysicsWallah employees at Rs 127 each — about 17% higher than the IPO issue price — securing a 0.37% stake valued at Rs 136.17 crore.
Think Investments, which manages assets worth $4 billion globally, focuses on high-growth, tech-driven firms. In India, it has invested in leading startups such as Swiggy, Meesho, FirstCry, Urban Company, PharmEasy, Spinny, and Dream11.
PhysicsWallah is set to launch its Rs 3,480 crore IPO on November 11, with a price band of Rs 103–109 per share. The offering includes a fresh issue of Rs 3,100 crore and an offer-for-sale worth Rs 380 crore by co-founders Alakh Pandey and Prateek Boob.
The IPO values the company at around Rs 31,500 crore at the upper end of the price range. Promoters’ combined holding will fall from 80.62% to about 72% after the issue. None of the early investors will exit during this round.
The issue closes on November 13, with anchor investor allocation on November 10. Funds raised will go toward business expansion and growth plans as PhysicsWallah aims to strengthen its position in India’s competitive edtech sector.
