Physics Wallah (PW) is an Indian educational technology company headquartered in Noida that started as a YouTube channel by Alakh Pandey in 2016 teaching physics for JEE, NEET, and CBSE board exams. Co-founded as a company in 2020 with Prateek Maheshwari, PW grew into a hybrid edtech platform offering online and offline test prep, K-12, higher education, skilling, and study-abroad services across India. PW became India's first profitable edtech unicorn at a $1.1B valuation in June 2022, reached $2.8B in September 2024, and listed on NSE/BSE in November 2025.
Physics Wallah is publicly traded
IPO'd on November 18, 2025
This company is no longer available on our private secondary market. Shares can be traded publicly under PWL.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
25,000–35,000
Total Funding
$723M
2 rounds
Last Private Valuation
$2.8B
September 19, 2024
Total raised $723M across 2 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series B
Date
September 19, 2024
Amount
$210M
Valuation
$2.8B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| September 19, 2024 | Series B | $210M | $2.8B | Hornbill Capital |
| June 7, 2022 | Series A | $100M | $1.1B | WestBridge Capital, GSV Ventures |
Alakh Pandey
Co-Founder & CEO
Prateek Maheshwari
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
BYJU'S
Once India's largest edtech unicorn focused on K-12 and test prep; now mired in insolvency proceedings after a sharp valuation collapse.
Unacademy
Indian online learning platform offering test prep for competitive exams (UPSC, JEE, NEET, etc.) with a hybrid online/offline model.
Vedantu
Indian online tutoring platform delivering live interactive classes for K-12 and competitive exam preparation.
Allen Career Institute
Long-established Indian offline coaching institute headquartered in Kota, dominant in JEE/NEET test preparation.
Aakash Educational Services
Indian test-prep coaching chain (acquired by BYJU'S) focused on medical and engineering entrance exams with a large physical center footprint.
Yes, Physics Wallah is publicly traded under the ticker symbol PWL on the NSE/BSE. The company went public in November 18, 2025.
Physics Wallah trades under the ticker symbol PWL on the NSE/BSE. It began trading in November 18, 2025.
Physics Wallah (PWL on the NSE/BSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker PWL to place an order.
Physics Wallah went public in November 18, 2025 via ipo, with an offering valuation of approximately $2.8B. Physics Wallah (Physicswallah Limited) listed on the NSE and BSE on November 18, 2025, after a Rs 3,480 crore (~$370M) IPO priced at Rs 109 per share. Shares debuted at Rs 145 on NSE, a 33% premium over the issue price, making PW the first major Indian edtech unicorn to go public. Ticker: PWL (NSE), 544609 (BSE).
Physics Wallah raised $723M across 2 disclosed funding rounds prior to its public listing.
Physics Wallah was co-founded by Alakh Pandey, and Prateek Maheshwari in 2016.
Physics Wallah is headquartered in Noida, Uttar Pradesh, India.
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