PhysicsWallah reserves Rs 460 Cr from IPO proceeds for offline expansion

Edtech unicorn Physics Wallah, which is eyeing an initial public offering (IPO), is planning to ramp up its offline presence in the country and select overseas markets.

With a planned raise of Rs 3,820 crore from the IPO, the company has designated Rs 460.55 crore to expand its offline and hybrid centre network in India.

The edtech intends to allocate Rs 234.37 crore to grow PW Vidyapeeth centres for JEE, NEET, and foundation courses, Rs 49.89 crore for hybrid Pathshala centres offering…