Edtech platform PhysicsWallah has reportedly achieved ₹3,000 crore in operating revenue for FY25, marking a 55% year-on-year growth. This surge comes as the company gears up for its stock market debut.
According to a report by Entrackr, the Noida-based startup’s growth was largely driven by its aggressive offline expansion. PhysicsWallah increased its physical learning centres from 124 in FY24 to 200 in FY25. Enrollments also rose significantly, reaching 5 million students-up from 3.6 million the previous year.
In FY24, the company had already shown impressive growth, with revenue jumping 140% year-on-year to ₹1,904 crore from ₹744 crore in FY23.
The revenue milestone comes at a critical time, as PhysicsWallah moves closer to its IPO. The Securities and Exchange Board of India (SEBI) has approved the company’s proposal to file its Draft Red Herring Prospectus (DRHP) through the confidential pre-filing route. Reports suggest the IPO could raise around ₹4,500 crore.
In preparation for its next phase of growth, PhysicsWallah recently appointed Satish Sharma as Chief Marketing Officer.
The company had earlier secured $210 million in funding in September 2024, led by Hornbill Capital. That round valued the edtech firm at $2.8 billion-a 2.5x jump from its previous valuation.
As PhysicsWallah readies for the public markets, its sharp focus on hybrid learning and nationwide reach appears to be fueling both investor confidence and student engagement.
