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PhysicsWallah Welcomes Ex-Blinkit CFO Amit Sachdeva as It Prepares for 2025 IPO!

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PhysicsWallah Welcomes Ex-Blinkit CFO Amit Sachdeva as It Prepares for 2025 IPO!

Edtech unicorn PhysicsWallah (PW), backed by Lightspeed Venture Partners, has appointed Amit Sachdeva as its new chief financial officer, marking a strategic move in preparation for its anticipated public market debut in 2025. Sachdeva, formerly the finance chief at Blinkit (previously Grofers) until its ₹4,000 crore acquisition by Zomato in 2022, brings extensive financial expertise to PhysicsWallah, particularly within the tech and consumer sectors.

Background of Amit Sachdeva

Before joining PhysicsWallah, Sachdeva held the position of CFO at IGT Solutions in Gurugram. His career also includes leading finance operations at Wipro’s digital operations and platforms division, showcasing his depth of experience in managing finance for tech-driven enterprises. This background positions him well to guide PhysicsWallah through its upcoming IPO process.

Recent Funding and Growth

PhysicsWallah’s recent hiring push follows a significant $210 million funding round led by Hornbill Capital Advisers and Lightspeed Venture Partners, which doubled the edtech startup’s valuation to $2.8 billion from its previous valuation of $1.1 billion. Existing investors, including GSV Ventures and WestBridge Capital, also participated in this funding round. The addition of Hornbill Capital, known for its expertise in IPO preparations, underscores PhysicsWallah’s focus on strengthening its governance and financial team as it looks toward a future IPO.

Quotes from Leadership

“We are enhancing our finance team and refining our governance practices,” co-founder Prateek Maheshwari shared in a September interview. “Manoj [Thakur] and his team at Hornbill Capital have significant IPO experience, making them the right advisors to prepare us for the public market.”

Expansion Plans

As India’s edtech sector eyes IPO opportunities following the surge of IPOs in food delivery, fintech, and mobility, PhysicsWallah is advancing its growth agenda. Over the next year, it plans to open 40 new centers in cities like Nashik, Pune, Dehradun, Coimbatore, Hyderabad, and Chennai to strengthen its presence in major markets. A substantial portion—approximately 60%—of the recent funding round will be directed toward mergers and acquisitions to further expand its offerings.

Market Position

Founded in 2020 by Alakh Pandey and Prateek Maheshwari, PhysicsWallah operates tech-enabled offline and hybrid education centers for K-12 students across over 105 cities in India. In addition to its core offerings, the company also operates test preparation verticals for various competitive exams along with divisions focusing on skills development and overseas education.

Financial Performance

PhysicsWallah joined the unicorn club in 2022 after raising $100 million from WestBridge and GSV at a valuation of $1.1 billion. Despite facing challenges within the competitive landscape of edtech, including a dramatic 90% decline in net profit to INR 8.9 crore in FY23, the company reported a significant increase in operating revenue—up 234% year-on-year to INR 779.3 crore.

Industry Context

The developments come during a turbulent period for the Indian edtech sector. The sector experienced rapid growth during the pandemic but has faced significant challenges with the reopening of schools, prompting many companies to explore offline models. The difficulties were compounded by a funding crunch that has left many edtech companies struggling with mounting losses.

Conclusion

PhysicsWallah’s decision to pursue an IPO reflects a broader trend among Indian startups looking to list on stock exchanges amid favorable market conditions. As it prepares for this landmark moment in public markets, the appointment of Amit Sachdeva as CFO signifies a commitment to building a strong financial foundation.

With ongoing expansions and strategic hiring aimed at enhancing governance practices, PhysicsWallah is positioning itself as a leader in the edtech space while navigating the complexities of an evolving industry landscape. If successful, it would become India’s first edtech startup to go public, setting a precedent for others in the sector.

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Latest News

D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

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Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

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Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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Under Section 79 of the IT Act, safe harbour protects intermediaries like X from being held directly liable for user‑generated content, provided they follow due‑diligence rules and promptly act on legal takedown orders. Revoking this protection would mean X and its officers could be exposed to criminal and civil liability for obscene, unlawful, or harmful content that remains on the platform, including AI‑generated images from Grok. This prospect significantly raises X’s compliance risk in India and could force tighter moderation, stricter AI controls, and more aggressive removal of flagged posts.​

The Grok episode also spotlights the regulatory grey zone around generative AI, where tools can create harmful content at scale even without traditional user uploads. Policymakers are increasingly questioning whether AI outputs should still enjoy the same intermediary protections as conventional user posts, especially when they involve women and children. How the government ultimately proceeds against X over Grok misuse could set a precedent for AI accountability, platform responsibility, and safe harbour interpretation in India’s fast‑evolving digital ecosystem.

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How Pronto Is Redefining 10-Minute Home Services in India with a $25 Million Fundraise

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Home services startup Pronto is in advanced talks to raise about $25 million at a near-$100 million valuation, underscoring strong investor confidence in India’s fast-growing 10-minute home services market. This potential round would be the company’s third major funding milestone after its $2 million seed and $11 million Series A in 2025, backed by marquee investors such as General Catalyst, Glade Brook Capital, Bain Capital and new participant Epiq Capital. The fresh capital is expected to further strengthen Pronto’s positioning as a leading tech-led household help platform for urban consumers.​

Pronto operates a 10-minute on-demand home-services platform that connects users with trained, background-verified workers for everyday tasks like sweeping, mopping, utensil cleaning, laundry and basic cooking. Using a hub-and-spoke, shift-based model, the startup stations workers at hyperlocal hubs, enabling sub-10-minute fulfilment and more predictable earnings compared to the informal domestic-help market. Founded in 2024 by Anjali Sardana and based in Delhi NCR, Pronto has already expanded from Gurugram into major cities such as New Delhi, Mumbai, Bengaluru and Pune, and is handling around 6,000 daily bookings with nearly 1,300 active professionals as of December 2025.​

The upcoming $25 million fundraise is expected to be used to enter more metros, deepen presence in existing neighbourhoods with additional hubs and upgrade Pronto’s technology for smarter routing, shift planning and real-time operations. A significant portion of the capital will also go into training, retention and benefits for its workforce to maintain consistent service quality at scale, especially as competition heats up from rivals like Snabbit and Urban Company in the rapid home services space. This near-$100 million valuation not only validates Pronto’s model but also highlights a broader shift toward organised, tech-driven domestic-help solutions in India’s largely informal home-services market.​

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