Aiming for a definitive initial public offering (IPO) in 2025, Edtech unicorn PhysicsWallah is transforming into a public entity as a significant first step toward a public listing.

According to PhysicsWallah's regulatory filing, the board has approved a resolution to rename the company from PhysicsWallah Private Limited to PhysicsWallah Limited and change its status to a public company.

PhysicsWallah intends to list its equity shares on one or more stock exchanges as part of this move. The company has not provided a timeline, but it is anticipated to list in the second half of 2025 on stock exchanges.

The transition to a public organization occurred one month following the hiring of Amit Sachdeva as its new chief financial officer (CFO).

When PhysicsWallah was first established in 2016, it was just a YouTube channel that offered students preparing for competitive exams like JEE and NEET an inexpensive education. Under the name "PW Pathshala," PW has grown from its beginnings to become a comprehensive edtech platform that provides live and recorded lectures, test series, study materials, and offline hybrid centers.

PhysicsWallah may become the first edtech company to list on a stock exchange after receiving venture capital funding. Investment bankers have apparently been appointed by PhysicsWallah for its impending public listing, despite the fact that a number of edtech companies are competing to go public in the next years.

A total of $310 million in funding has been raised by PhysicsWallah, including $210 million in the largest equity round an edtech startup has seen in recent years. As per TheKredible, the co-founders of the business hold more than 85% of the company's current $2.8 billion valuation.