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Alakh Pandey's PhysicsWallah invests Rs 120 crore in NBFC arm FinZ Finance
IndianStartupNews
·
25d ago
Medial
India’s listed edtech company PhysicsWallah has approved an investment of about Rs 120 crore, or about $12.5 million, in its wholly owned subsidiary FinZ Finance as it expands further into financial services.
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Netflix’s Hello Bachhon Chronicles Alakh Pandey’s Rise from Physics Wallah to Edtech Pioneer
StartupTalky
·
3m ago
Medial
Netflix's series "Hello Bachhon" chronicles Alakh Pandey's journey from a small-town teacher to founder of PhysicsWallah, a successful edtech platform. Premiering globally on 6 March 2026, it highlights Pandey's disruption of traditional education with affordable, online alternatives, resonating with both business and educational sectors. The series emphasizes PhysicsWallah's remarkable growth, culminating in a successful IPO. It draws comparisons to "Super 30" for its portrayal of educational innovation and entrepreneurship.
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Alakh Pandey-led Physics Wallah's profit declines 91% from Rs 98.2cr to Rs 8.9 crore in FY23
IndianStartupNews
·
2y ago
Medial
Alakh Pandey-led edtech unicorn PhysicsWallah witnessed a significant drop in net profit for FY23, with a decline of 91% to Rs 8.9 crore. This decline can be attributed to a substantial increase in expenses, including employee benefits, advertising costs, and rent expenses due to offline expansion. However, the company saw a notable increase in total revenue of 234% to Rs 798 crore, driven by its expanded penetration in the offline category. PhysicsWallah has also pursued an aggressive expansion strategy, including acquisitions and entry into primary education.
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PhysicsWallah plans ₹2,500 crore takeover of Drishti IAS
Inshorts
·
1y ago
Medial
Alakh Pandey-led edtech startup PhysicsWallah is in talks to acquire Drishti IAS coaching in a deal that could be valued at around ₹2,500 crore, reports claimed. Reports of potential acquisition come as PhysicsWallah gears up for its IPO. Earlier this month, Moneycontrol reported that PhysicsWallah filed draft papers through the confidential pre-filing route to raise ₹4,600 crore via an IPO.
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Alakh Pandey's PhysicsWallah faces Rs 263 crore tax demand; company plans to challenge the order
IndianStartupNews
·
3m ago
Medial
PhysicsWallah, an Indian edtech firm co-founded by Alakh Pandey, has received a Rs 263.34 crore tax demand from the Indian Income Tax Department over classified taxable income from certain investments. The company plans to appeal, believing it has strong grounds for contesting the order. Despite the tax notice, PhysicsWallah states there will be no significant impact on its financial position or operations. The notice follows the firm's recent financial growth after its public listing in 2025.
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PhysicsWallah shares make a strong D-St debut, list at 33% premium over IPO price - The Economic Times
Economic Times
·
7m ago
Medial
PhysicsWallah shares debuted with notable success, listing at a 33% premium on the NSE and 31% on the BSE, following a Rs 3,481 crore IPO. The offering saw strong interest from Qualified Institutional Buyers (QIBs) at 2.86 times subscription, though Non-Institutional Investors (NIIs) participation was weaker. With IPO proceeds, the company plans to expand its hybrid model by funding offline centers, marketing, and acquisitions. Founded by Alakh Pandey, PhysicsWallah is among India’s top edtech firms.
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Fibe NBFC arm shrugs off lending headwinds, posts 83% surge in FY25 profits
YourStory
·
12m ago
Medial
Early Salary Services Limited, the NBFC arm of fintech lender Fibe, achieved significant growth in FY25, reporting an 82.8% rise in profit after tax to Rs 101.18 crore, despite increased finance costs and provisioning expenses. The company's interest income surged by 43.3%, escalating total revenue from operations by 45.8%. Despite rising employee and other expenses, Fibe’s strategic moves resulted in improved net NPA and a successful raising of Rs 560 crore through non-convertible debentures.
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YouTube, Unicorn, $500-Million IPO: PhysicsWallah Founder Alakh Pandey's Rags to Riches Story
OutlookIndia
·
1y ago
Medial
PhysicsWallah, founded by Alakh Pandey, is a unicorn edtech startup in India poised to launch a $500 million IPO. Alakh Pandey, who dropped out of college to become a full-time tutor, created PhysicsWallah from modest beginnings, focusing on affordable education. The startup, co-founded with Prateek Maheshwari, has expanded into offline centers and amassed significant user engagement online. Despite facing edtech sector challenges, PhysicsWallah continues to grow while aiming for strategic acquisitions and broader market penetration.
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PhysicsWallah to buy 50% stake in edtech startup Xylem for ₹500 cr
Inshorts
·
3y ago
Medial
PhysicsWallah, an edtech unicorn, has announced its plans to purchase a 50% stake in Xylem Learning, an edtech startup based in Kerala, for ₹500 crore. The acquisition will occur gradually over a three-year timeframe, as stated by PhysicsWallah CEO Alakh Pandey in an interview with PTI. Pandey also expressed the intention to explore potential mergers and acquisitions in southern regions of India.
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Exclusive: Motilal Oswal invests in edtech-focused NBFC Auxilo
Entrackr
·
1y ago
Medial
Education-focused non-banking financial corporation (NBFC) Auxilo has raised Rs 50 crore in debt from Motilal Oswal. Auxilo allotted 5,000 Non-Convertible Debentures (NCDs) to Motilal Oswal Finvest Limited at a face value of Rs 1,00,000 each, aggregating to Rs 50 crore in Series I and Series II of 2,500 NCDs each. The Series I debentures have a tenure of 2 years with a rate of interest of 9.7% per annum while the Series II debentures carry 9.8% annual interest with a tenure of 3 years, according to the filing. Education-dedicated NBFC Auxilo Finserve provides education loans to students for higher studies in India and abroad and to educational institutes for infrastructure modernization. Its educational loans include all the expenses related to the course including classroom expenditures, pre-visa approvals, air-fares, et al. Auxilo has raised over $100 million across equity and debt since its inception and it competes with well-funded firms such as Grayquest, Avanse Financial, Financepeer, Propelld, Leap Finance, and Eduvanz. Auxilo recorded a 100% year-on-year growth in its revenue to Rs 356 crore in FY24 from Rs 178 crore in FY23. On the back of strong growth, its bottom line jumped 2.68X to Rs 69.2 crore in the previous fiscal (FY24). This is the fourth recent investment by the Motilal Oswal Group in Indian startups.
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BlackSoil NBFC raises $12 mn from rights issue to family offices
VCCircle
·
2y ago
Medial
BlackSoil NBFC, the non-banking arm of BlackSoil, has raised Rs 100 crore ($12.1 million) through a rights issue from its Indian investors and family offices. The funds will be used to enhance BlackSoil NBFC's credit profile and borrowing capacity as they venture into new business verticals and sectors. BlackSoil NBFC is a leading player in the alternative credit space, and their portfolio includes companies like Oyo, Yatra, and Udaan. Since its inception, BlackSoil NBFC has disbursed over Rs 5,000 crore and has raised Rs 250 crore in equity.
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