Global investment firm Think Investments has invested a little over ₹136 crore in edtech unicorn PhysicsWallah (PW) ahead of its initial public offering (IPO) next week, underscoring strong investor interest in India’s first listed edtech startup.

As part of the pre-IPO transaction, Think Investments picked up 1.07 crore equity shares from 14 employees of the company at ₹127 apiece, a 17% premium to the upper end of the IPO price band of ₹109 per share. This translates to a transaction size of ₹136.17 crore, according to a company filing.

“Pursuant to the share purchase agreement dated November 3, 2025, 14 employees of the company transferred an aggregate of 10,722,708 equity shares to Think India Opportunities Master Fund LP for an aggregate consideration of ₹136.17 crore,” PhysicsWalla

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