PhysicsWallah Plans ₹2,500 Crore Takeover of Drishti IAS: Reports
In a move that could potentially shake up the Indian edtech landscape, Alakh Pandey-led edtech startup PhysicsWallah is reportedly in talks to acquire Drishti IAS coaching in a deal that could be valued at around ₹2,500 crore. This development comes as PhysicsWallah gears up for its initial public offering (IPO), which is expected to be a significant event in the startup’s growth story.
According to reports, PhysicsWallah filed draft papers through the confidential pre-filing route to raise ₹4,600 crore via an IPO earlier this month. The company’s planned acquisition of Drishti IAS coaching could be a strategic move to strengthen its position in the competitive Indian edtech space.
Founded in 2017, PhysicsWallah has been making waves in the Indian education sector with its AI-powered learning platform, which offers courses and study materials for students preparing for competitive exams such as IIT-JEE, NEET, and UPSC. The company has gained significant traction, with over 10 million registered users and a strong presence in India and other countries.
Drishti IAS, on the other hand, is a well-established coaching institute that specializes in providing coaching for UPSC aspirants. With a strong reputation for producing high-quality results, Drishti IAS has become a go-to destination for students aiming to crack the UPSC exam.
The potential acquisition of Drishti IAS coaching by PhysicsWallah could be a game-changer for both companies. For PhysicsWallah, the acquisition would provide a significant boost to its presence in the UPSC coaching space, while also allowing it to leverage Drishti IAS’s strong brand reputation and network of centers across the country.
For Drishti IAS, the acquisition would provide access to PhysicsWallah’s innovative AI-powered learning platform, which could help take its coaching services to the next level. The deal could also enable Drishti IAS to expand its reach beyond its existing network of centers, allowing it to tap into a wider pool of students.
Industry experts believe that the acquisition could be a strategic move by PhysicsWallah to strengthen its position in the Indian edtech space ahead of its IPO. “PhysicsWallah is looking to expand its offerings and increase its market share in the competitive edtech space,” said an industry expert. “The acquisition of Drishti IAS coaching would be a significant step in this direction, allowing the company to tap into a new market and increase its revenue streams.”
The acquisition deal is still in the early stages, and the exact terms of the deal are yet to be disclosed. However, reports suggest that the deal could be valued at around ₹2,500 crore, making it one of the largest acquisitions in the Indian edtech space.
As PhysicsWallah gears up for its IPO, the acquisition of Drishti IAS coaching could be a significant milestone in the company’s growth story. With its innovative learning platform and strong brand reputation, PhysicsWallah is well-positioned to make a significant impact in the Indian edtech space.
