PhysicsWallah (PW), the Lightspeed-backed edtech unicorn, has appointed Amit Sachdeva as its Chief Financial Officer (CFO) as it prepares for a public-market debut in 2025. Sachdeva, formerly the finance chief at Blinkit (previously Grofers) until its ₹4,000 crore acquisition by Zomato in 2022, brings extensive experience from the tech and consumer sectors. He also served as the CFO of IT services firm IGT Solutions in Gurugram and held finance leadership roles at Wipro’s digital operations and platforms vertical. With a career built on managing finance operations in software and consumer tech, Sachdeva is expected to strengthen PhysicsWallah’s financial strategy during its rapid growth phase.
This appointment comes after PhysicsWallah secured $210 million in a funding round led by Hornbill Capital Advisers and Lightspeed Venture Partners, which doubled its valuation to $2.8 billion from $1.1 billion. Existing investors GSV Ventures and WestBridge Capital also participated in the round. Hornbill Capital, headed by Managing Partner Manoj Thakur, adds IPO expertise to PhysicsWallah’s cap table, boosting confidence in the company’s readiness for a potential public offering.
India’s edtech sector has yet to witness significant IPO activity, but other tech sectors like food delivery, fintech, and mobility have seen a surge in public-market debuts. Swiggy recently went public, while MobiKwik is planning its IPO soon. This sets a promising stage for PhysicsWallah as it works toward becoming one of the first edtech firms in India to go public.
As part of its growth strategy, PhysicsWallah is aggressively expanding its operations. Over the next 12 months, the company plans to establish 40 new centres in cities such as Nashik, Pune, Dehradun, Coimbatore, Hyderabad, and Chennai. Additionally, it has allocated around 60% of its latest funding towards mergers and acquisitions to accelerate growth and diversify its offerings.
