International funding agency Assume Investments has invested a little bit over ₹136 crore in edtech unicorn PhysicsWallah (PW) forward of its preliminary public providing (IPO) subsequent week, underscoring sturdy investor curiosity in India’s first listed edtech startup.
As a part of the pre-IPO transaction, Assume Investments picked up 1.07 crore fairness shares from 14 staff of the corporate at ₹127 apiece, a 17% premium to the higher finish of the IPO worth band of ₹109 per share. This interprets to a transaction measurement of ₹136.17 crore, in keeping with an organization submitting.
“Pursuant to the share buy settlement dated November 3, 2025, 14 staff of the corporate transferred an mixture of 10,722,708 fairness shares to Assume India Alternatives Grasp Fund LP for an mixture consideration of ₹136.17 crore,” PhysicsWallah mentioned in a public announcement.
Assume Investments, which manages over $4 billion globally, has backed a number of distinguished Indian firms together with Swiggy, FirstCry, City Firm, PharmEasy, Meesho, Rapido, and Dream11.
PhysicsWallah’s ₹3,480-crore IPO will open on November 11 and shut on November 13, with anchor investor allocation on November 10. The corporate has mounted a worth band of ₹103–₹109 per share, valuing it at over ₹31,500 crore on the higher finish.
The problem features a contemporary situation of ₹3,100 crore and a suggestion on the market of ₹380 crore by Alakh Pandey and Prateek Maheshwari. Submit-listing, promoter holding will fall from 80.6% to 72%, whereas early backers won’t promote any stake.
In a latest dialog with BusinessLine, Maheshwari mentioned the IPO was “priced modestly to go away worth on the desk for retail buyers.” He added, “We’re a home model emotionally linked with our college students and fogeys. For us, itemizing features for retail buyers matter greater than a headline valuation.”
Printed on November 8, 2025
