Can PW Redeem Indian Edtech, Zupee Axes 170 Jobs & More

Can PhysicsWallah Break The Edtech Jinx?

Days ago, PhysicsWallah submitted its updated DRHP with SEBI for an INR 3,280 Cr public listing. Amid the dilapidated state of Indian edtech, the listing could be a breath of fresh air. But is PW’s touted IPO more smoke than fire?

Sound Fundamentals? PhysicsWallah’s FY25 financials present a compelling turnaround – losses dropped 78% YoY to INR 243.3 Cr while operating revenue zoomed 49% YoY to INR 2,886.6 Cr. Yet, a deeper analysis reveals that FY24…