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Edtech unicorn PhysicsWallah has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 3,820 crore through initial public offer. Its financial statement shows the company significantly narrowing its losses on the back of strong revenue growth across online, offline, and hybrid channels.
PW’s operating revenue grew nearly 49% to Rs 2,887 crore in FY25 from Rs 1,941 crore in FY24, according to its restated consolidated financial statement shown in DRHP. Income from coaching services remained the largest contributor at…
