Sebi clears PhysicsWallah’s IPO plans; edtech eyes Rs 4,000 crore raise

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Edtech unicorn PhysicsWallah has received the Securities and Exchange Board of India’s (Sebi) nod for its initial public offering (IPO), according to a notification on the markets regulator’s website.

The WestBridge Capital-backed startup, which also counts Lightspeed and GSV Ventures among its investors, had filed its IPO papers with Sebi on March 19 under the pre-filing route, allowing it to submit a confidential prospectus. It plans to raise Rs 4,000 crore in fresh capital at a proposed valuation of Rs 35,000–40,000 crore.

The approval was…



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Sebi clears PhysicsWallah’s IPO plans; edtech eyes Rs 4,000 crore raise



Edtech unicorn PhysicsWallah has received the Securities and Exchange Board of India’s (Sebi) nod for its initial public offering (IPO), according to a notification on the markets regulator’s website.

The WestBridge Capital-backed startup, which also counts Lightspeed and GSV Ventures among its investors, had filed its IPO papers with Sebi on March 19 under the pre-filing route, allowing it to submit a confidential prospectus. It plans to raise Rs 4,000 crore in fresh capital at a proposed valuation of Rs 35,000–40,000 crore.

The approval was…



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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