In a major development for the edtech landscape, PhysicsWallah, under the leadership of Alakh Pandey, is reportedly nearing a deal to acquire Drishti IAS, the UPSC coaching center founded by Vikas Divyakirti, for an astonishing ₹2,500 crore. According to Entrackr, should this acquisition go through, it would represent the most significant transaction in the Indian edtech market in recent years.
A Strategic Initiative Ahead of PhysicsWallah’s IPO
The potential acquisition is timely as PhysicsWallah prepares for an Initial Public Offering (IPO) to secure $500 million. The purchase of Drishti IAS is expected to enhance PW’s competitive edge in the exam coaching industry, particularly in the popular UPSC preparation field.
What This Means for the Edtech Industry
With many edtech firms struggling post-pandemic due to reduced funding and increased operational costs, PW’s move signals a new phase of consolidation in the sector. Unlike its competitors, PhysicsWallah has remained profitable and continues to grow organically, positioning itself as a strong contender in the evolving education landscape.
If finalized, this acquisition could:
- Expand PW’s offerings in UPSC coaching and government exam preparation.
- Strengthen its hybrid learning model by leveraging Drishti IAS’s offline presence.
- Boost investor confidence ahead of PhysicsWallah’s $500 million IPO.
Closing Thoughts
As PhysicsWallah approaches its public listing, this acquisition might be a key strategic decision that reinforces its dominance in India’s edtech industry. With the deal expected to be finalized shortly, there is significant interest in how this action will reshape the edtech sector and affect the future integration of online and offline coaching.