Edtech Unicorn PhysicsWallah (PW) is expanding its offline presence in India and select oversas markets, with plans to invest ₹ 460.55 Crores from upcoming IPO it Offline and Hybrid Centers Across India.

The Investment will be allocated Across Three Categories: ₹ 234.37 Crores Vidyapeth Centers that Focus on Jee, NEET, NEET, and Foundation Courses; ₹ 49.89 Crores Towards Hybrid Pathshala Centers, Where Students Attended Live-Streamed Online Classes with on-Site Faculty Support; And ₹ 176.29 Crores Towards “Other Center,” Which will Cater to Diverse Segments Including Defense, Chartered Accountancy, Government Exams, and Vocational Skills.

As of March 31, 2025, The Company operated 198 Offline Centers Across 109 Citys in India and the Middle East Under Three Formats: Pw Vidyapeth, Pathypeth, PW Pathshala, and PW Other Centers. The company’s offline footprint has grown at a staggering compound Annual Growth Rate (CAGR) of 165.9%.

IPO details and expansion plans

Physicswallah will launch its iPo through a fresh equity issue of ₹ 3,100 Crore and an offer for Sale (ofs) of ₹ 720 Crores.

The new centers will operate on a leasehind basis, thought the company has yet to finalize exact locations. According to the draft Red Herring Prospectus (DRHP), Potential Expanies Tier-2 and Tier-3 CITES Such as Muzaffarpur, Dhanbad, Akola, Latur, Rajkot, Ujjain, Jor Chennai. The final choice of cities will depend on Demographic Demand, Lease Economics, and other prevailing business conditions.

While Several Players Have Scled Back Operations or Pivoted in Response to Funding Constraints, PW is Dualing Down on Physical Infrastructure. This strategy mirrors the broader industry trend Toward “Phygital” models, where offline presence complements digital revenue, offering students both accessibility and creidi

Published on September 25, 2025