Physics Wallah makes history with successful IPO, reaching 30M learners

Physics Wallah (PW) didn’t just make Indian and global #EdTech history this week. They proved what happens when a mission to serve Bharat with low-cost, high-quality education scales with unstoppable velocity.    From a YouTube classroom to a multibillion-dollar public debut, PW’s IPO is a testament to doing well by doing good on a massive scale. This milestone isn’t an endpoint—it’s fuel for their vision to democratize education and stand beside every student as a lifelong learning partner. Fittingly, students joined the PW team at the NSE listing ceremony in Mumbai, helping ring the IPO bell that marked this historic moment. ✨ First Indian EdTech IPO ✨ First global EdTech IPO over $4B since 2021 ✨ $4.7B+ market cap on opening day ✨ Ranked among India’s Top 50 consumer tech companies ✨ Notably profitable with $50M EBITDA  ✨ 30M+ active monthly learners (up from 2M in 2022) ✨ 4.5M paying subscribers (23% YoY growth) ✨ $326M in revenue (up 49% YoY) ✨ 600% growth in YouTube subscribers since 2020—14M on the flagship channel ✨ 200+ YouTube channels with ~100M subscribers combined ✨ 14,000+ video lectures covering 8 dialects ✨ From a YouTube channel launched in 2016 to a company founded in 2020, PW went public just five years after its founding. Long before Physics Wallah became a multibillion-dollar force, it was just Alakh Pandey: a charismatic teacher from Prayagraj using memes, jokes, and physics problems to guide students preparing for JEE, NEET, and CBSE exams on YouTube. What began as a grassroots classroom grew into a national movement because it spoke directly to Bharat: world-class education should never depend on wealth or geography. That teacher-first ethos fuels PW to this day, now reaching 98% of India’s pin codes and operating 300+ centers across 150+ cities. We’re thrilled to celebrate the groundbreaking momentum of Physics Wallah and its founders, whose infectious enthusiasm and purpose-driven perseverance have become fixtures of the ASU+GSV community. Their remarkable trajectory is a reminder that when we build with passion and lead with both smarts and hearts, we can truly change the world for GOOD!