PhysicsWallah, an Indian edtech firm, files for IPO to raise ₹3,820 crore for expansion and growth.

PhysicsWallah, an Indian edtech company, has filed for an IPO to raise ₹3,820 crore, with ₹3,100 crore from fresh shares and ₹720 crore from its co-founders. The funds will be used for expansion, tech upgrades, and marketing. Founded in 2016, PhysicsWallah offers test prep and upskilling programs and has seen significant revenue growth, though it still reports losses. The company aims to be the first Indian edtech to go public in the post-Byju's era.