Key Takeaways
- Think Investments acquires ₹136 crore stake in PhysicsWallah from employees
- Transaction values shares at ₹127 each, 17% above IPO price band
- PhysicsWallah’s ₹3,480 crore IPO opens November 11
Global investment firm Think Investments has invested over ₹136 crore in edtech unicorn PhysicsWallah as part of a pre-IPO funding round. The investment comes just days before PhysicsWallah’s highly anticipated public market debut.
Transaction Details
Think Investments acquired 1.07 crore equity shares representing 0.37% stake in PhysicsWallah from 14 employees of the company. The shares were purchased at ₹127 per share, which is 17% above the upper end of the IPO price band of ₹103-109 per share.
The total transaction size amounts to ₹136.17 crore. In a public announcement, PhysicsWallah confirmed: “Pursuant to share purchase agreement dated November 3 read with the amendment letter dated November 3, 2025 entered into, 14 employees of the company have transferred an aggregate of 10,722,708 equity shares… to Think India Opportunities Master Fund LP on November 4, for an aggregate consideration of Rs 136.17 crore.”
About Think Investments
Think Investments is a $4 billion global investment firm that focuses on technology-driven early-stage businesses. The firm has built a significant portfolio in India with investments in prominent companies including , FirstCry, Urban Company, PharmEasy, and Dream11.
PhysicsWallah IPO Details
PhysicsWallah is preparing to launch its ₹3,480 crore initial public offering, which opens for subscription on November 11. The IPO comprises:
- Fresh issue of ₹3,100 crore
- Offer-for-sale (OFS) of ₹380 crore by co-founders Alakh Pandey and Prateek Boob
The company is targeting a valuation of over ₹31,500 crore at the upper end of the price band. Promoters currently hold 80.62% stake, which will reduce to 72% post-IPO. Notably, early investors are not participating in the offer-for-sale.
The IPO will close on November 13, with anchor investor allocation scheduled for November 10. Proceeds from the fresh issue will be used to fund the company’s expansion and growth initiatives.
