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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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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Equark - StartupStories

Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram Grid

Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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Zepto Delays IPO to Focus on Profitability and Indian Ownership

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Zepto - StartupStories

Overview

Zepto, a leading quick commerce startup, has postponed its planned IPO to early 2026, shifting its focus to achieving profitability and increasing Indian shareholding before going public.

Key Reasons for Delay

  • Profitability Focus: Zepto aims to reach EBITDA break-even before listing, unlike many tech firms that went public while still loss-making.
  • Market Uncertainty: Ongoing global and domestic market volatility influenced the decision to wait for more stable conditions.
  • Peer Comparison: The company wants to present a stronger profit profile, learning from the performance of rivals like Swiggy and Zomato (now Eternal).

Boosting Domestic Shareholding

  • Target: Zepto plans to raise Indian ownership to at least 51% to comply with FDI norms and reinforce its Indian identity.
  • Actions: The company is conducting secondary share sales to Indian investors and founders are increasing their stakes by buying from foreign investors.
  • Progress: Domestic ownership has reached about 40-44%, with expectations to surpass 51% before the IPO.

Financial and Operational Updates

  • Efficiency Drive: Zepto is optimizing operations, running over 900 dark stores and offering 48,000 SKUs, to reduce cash burn and move toward profitability.
  • Challenges: The company faces stiff competition from Swiggy Instamart and Blinkit, leading to higher costs, and has dealt with operational pauses and regulatory scrutiny in some regions.

Outlook

Zepto remains positive about its future, aiming to raise around $800 million in its IPO and attract both domestic and international investors. CEO Aadit Palicha emphasizes building a sustainable, majority Indian-owned business before entering the public market.

Summary: Zepto’s IPO delay reflects a strategic focus on financial stability and regulatory compliance, with profitability and Indian ownership at the forefront.

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