PhysicsWallah Takes Confidential Route For A $500 Mn IPO

The edtech unicorn took the confidential route to file its DRHP with SEBI for an INR 4,600 Cr

A large component of the startup’s IPO would be an offer for sale

PhysicsWallah has raised over $310 Mn from investors like Lightspeed, GSV and WestBridge

After months of speculation, edtech unicorn PhysicsWallah has reportedly filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an INR 4,600 Cr ($531.4 Mn) initial public offering (IPO) via the confidential filing…