The proposed acquisition of Drishti IAS by edtech giant PhysicsWallah has been officially dropped, primarily due to strategic and financial considerations. Although discussions had reached an advanced stage and the deal was estimated between ₹2,500 crore and ₹3,000 crore, Drishti IAS decided to continue as an independent entity, highlighting its solid financial performance and profitability. Founded in 1999, the institute recorded ₹405 crore in revenue and ₹90 crore in net profit for FY2023–24, with optimistic projections for FY2024–25. For PhysicsWallah, the acquisition was seen as a way to strengthen its offline presence, especially with an IPO on the horizon. With talks concluded, both firms will now focus on their respective growth paths independently.
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