PhysicsWallah Takes Confidential Route For A $500 Mn IPO

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SUMMARY

The edtech unicorn took the confidential route to file its DRHP with SEBI for an INR 4,600 Cr

A large component of the startup’s IPO would be an offer for sale

PhysicsWallah has raised over $310 Mn from investors like Lightspeed, GSV and WestBridge

After months of speculation, edtech unicorn PhysicsWallah has reportedly filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an INR 4,600 Cr ($531.4 Mn) initial public offering (IPO) via the confidential filing…



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PhysicsWallah Takes Confidential Route For A $500 Mn IPO


SUMMARY

The edtech unicorn took the confidential route to file its DRHP with SEBI for an INR 4,600 Cr

A large component of the startup’s IPO would be an offer for sale

PhysicsWallah has raised over $310 Mn from investors like Lightspeed, GSV and WestBridge

After months of speculation, edtech unicorn PhysicsWallah has reportedly filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an INR 4,600 Cr ($531.4 Mn) initial public offering (IPO) via the confidential filing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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