PhysicsWallah To Invest ₹460 Crore in Expanding Offline and Hybrid Centres

Edtech unicorn PhysicsWallah (PW) has announced a significant expansion plan worth ₹460.55 crore to strengthen its offline and hybrid learning centres across India. The announcement, made on September 25, comes at a time when the company has also filed its Updated Draft Red Herring Prospectus (UDRHP) with SEBI to raise ₹3,820 crore through an initial public offering.

PhysicsWallah’s Investment Plans

Of the planned investment, ₹234.37 crore will be allocated to Vidyapeeth centres that focus on JEE, NEET and foundation courses. A further ₹49.89 crore will be invested in Pathshala hybrid centres, combining online lectures with local faculty support, while ₹176.29 crore has been earmarked for “Other Centres,” which include defence, chartered accountancy, government exams and vocational training.

Expansion Into Tier-2 And Tier-3 Cities

All upcoming centres will operate on a leasehold model, with locations yet to be finalised. The company’s DRHP indicates expansion into tier-2 and tier-3 cities such as Muzaffarpur, Dhanbad, Akola, Latur, Rajkot, Ujjain, Bhatinda, Jorhat and Chennai, depending on demand, lease terms and market conditions.

PhysicsWallah IPO Structure

The ₹3,820 crore IPO comprises a fresh issue of ₹3,100 crore and an offer for sale of ₹720 crore by existing shareholders. According to the UDRHP, ₹710 crore of proceeds will go towards marketing, ₹548 crore towards lease payments of existing centres, ₹460 crore for new centre development, and ₹471 crore for investment in subsidiary Xylem Learning Pvt. Ltd.

Read More: PhysicsWallah Secures SEBI Nod for IPO, Marking First

Conclusion

PhysicsWallah’s investment and IPO plans underline its strategy to expand beyond its digital-first presence and capture growth in physical and hybrid education markets. By targeting semi-urban regions and diversifying its offerings, the company aims to strengthen its leadership position in India’s fast-growing education sector.

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