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PhysicsWallah to invest ₹460 crore in offline and hybrid centresEdtech unicorn PhysicsWallah plans to invest ₹460 crore to expand offline and hybrid learning centres across India, targeting NEET and JEE coaching. The move comes ahead of its ₹3,820-crore IPO announcement this month.By Megha Rani   September 25, 2025, 4:38:43 PM IST (Published)2 Min ReadEdtech unicorn PhysicsWallah (PW) on Thursday (September 25) unveiled plans to invest ₹460.55 crore to expand its offline and hybrid learning centres across India, marking a major push beyond its digital platform.

According to the official release, of the total, ₹234.37 crore will go into Vidyapeeth centres focused on JEE, NEET and foundation courses. Around ₹49.89 crore is earmarked for hybrid Pathshala centres, combining live-streamed online classes with local faculty support, while ₹176.29 crore is allocated to “Other Centres” catering to defence, chartered accountancy, government exams and vocational training.

"All new centers will operate on a leasehold basis, with the company yet to finalise exact locations. However, potential expansion into tier-2 and tier-3 cities such as Muzaffarpur, Dhanbad, Akola, Latur, Rajkot, Ujjain, Bhatinda, Jorhat, and Chennai has been indicated in the DRHP. The final choice of cities will depend on demographic demand, lease economics, and other prevailing business conditions, " the release stated.

IPO 

Earlier this month, PhysicsWallah filed its Updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI), signalling its intent to raise up to ₹3,820 crore through an initial public offering (IPO).

The proposed offering includes a fresh issue of ₹3,100 crore and an offer for sale (OFS) by existing shareholders of ₹720 crore. SEBI had approved the pre-filing of draft papers in July, allowing the company to obtain regulatory review before making the documents public.

Proceeds from the fresh issue will be used for multiple purposes: ₹710 crore for marketing, ₹548 crore for lease payments of existing offline and hybrid centres, ₹460 crore for capital expenditure on new centres, and ₹471 crore for investment in subsidiary Xylem Learning Pvt. Ltd.

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