Physics Wallah Selects 4 Investment Bankers For $500 Mn IPO

Physics Wallah has selected Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan as investment bankers for its $500 million IPO. The edtech unicorn plans to raise funds through a mix of fresh issuance of shares and offer for sale, although the exact quantum is yet to be finalized. This move follows a recent $210 million funding round led by Hornbill Capital, which doubled the company’s valuation to $2.8 billion. The IPO is part of Physics Wallah’s strategy to expand its market presence and capitalize on its growing valuation. The selection of top-tier investment bankers underscores the company’s commitment to a successful public listing.