Tag: physicswallah
PhysicsWallah Q1 loss narrows 31%; edtech to transfer FinZ loan book
Edtech firm PhysicsWallah’s consolidated net loss narrowed 31% to Rs 88.3 crore in the April-June quarter from Rs 127 crore, as operating revenue increased 24%…
PhysicsWallah to raise stake in Sarrthi IAS to 51% for Rs 72 crore
Edtech firm PhysicsWallah will acquire an additional 11% stake in civil services coaching platform Sarrthi IAS for Rs 71.8 crore, taking its holding to 51%…
Tech IPOs find stable ground in India’s deepening markets: B Capital
India’s IPO pricing for venture-backed companies has stabilised in recent times as the market has got deeper, propped up by domestic mutual funds, according to…
Young, loss-making startups keep OFS portion lean as investor scrutiny grows
Young, loss-making startups preparing for initial public offerings (IPOs) are increasingly keeping the fresh issue component large to fund their growth plans as investors grow…
PhysicsWallah revises lending strategy, to partner with NBFCs for student loans
Days after revealing that it had infused Rs 120 crore in its wholly-owned subsidiary FinZ Partners to ramp up its loan play, edtech platform PhysicsWallah…
PhysicsWallah to infuse Rs 120 crore in its fintech arm FinZ Finance
Edtech firm PhysicsWallah will invest Rs 120 crore in its wholly-owned fintech arm FinZ Finance, as it looks to scale up the subsidiary’s operations. The…
The IPO afterlife for unicorns: How mutual funds are doubling down on next-gen leaders
In a decisive show of conviction, domestic fund managers sharply increased their holdings across a clutch of newly listed new-age companies in the March quarter,…
PhysicsWallah claims Rs 205 crore collection in first 20 days of new online batches
Edtech firm PhysicsWallah has recorded around 36% growth in collection to Rs 205 crore within 20 days of starting online batches, the company said on…
Upgrad to acquire Unacademy in all-stock deal| Business News
Ronnie Screwvala’s Upgrad has signed a term sheet to acquire Gaurav Munjal’s Unacademy in an all-stock deal—a move that consolidates India’s edtech sector led by…
Akash FY24 revenues flat at Rs 2,437 crore, losses at Rs 2,443 crore
Aakash Educational Services Limited (AESL) reported virtually flat operating revenues of Rs 2,437 crore for the financial year ended March 2024, versus Rs 2,399 crore…