IPOs have dominated startup conversations this year. However, unlike the AI buzz, an IPO is all about proving a business is ready for public scrutiny. Few sectors need that credibility more than edtech, which has swung from pandemic-fuelled boom to painful corrections.
PhysicsWallah (PW)—which has now filed papers with the Securities and Exchange Board of India (SEBI) for an initial public offering worth Rs 3,820 crore—is viewed as the torchbearer that could put the industry back in a positive light….

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