The proposed acquisition of Drishti IAS by edtech giant PhysicsWallah has been officially dropped, primarily due to strategic and financial considerations. Although discussions had reached an advanced stage and the deal was estimated between ₹2,500 crore and ₹3,000 crore, Drishti IAS decided to continue as an independent entity, highlighting its solid financial performance and profitability. Founded in 1999, the institute recorded ₹405 crore in revenue and ₹90 crore in net profit for FY2023–24, with optimistic projections for FY2024–25. For PhysicsWallah, the acquisition was seen as a way to strengthen its offline presence, especially with an IPO on the horizon. With talks concluded, both firms will now focus on their respective growth paths independently.
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PhysicsWallah–Drishti IAS Mega Deal Falls Through as Coaching Giant Opts for Independence
The proposed acquisition of Drishti IAS by edtech giant PhysicsWallah has been officially dropped, primarily due to strategic and financial considerations. Although discussions had reached an advanced stage and the deal was estimated between ₹2,500 crore and ₹3,000 crore, Drishti IAS decided to continue as an independent entity, highlighting its solid financial performance and profitability. Founded in 1999, the institute recorded ₹405 crore in revenue and ₹90 crore in net profit for FY2023–24, with optimistic projections for FY2024–25. For PhysicsWallah, the acquisition was seen as a way to strengthen its offline presence, especially with an IPO on the horizon. With talks concluded, both firms will now focus on their respective growth paths independently.
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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