Physics Wallah, an edtech unicorn, has strengthened its leadership team by appointing Amit Sachdeva, former Blinkit executive, as its new Chief Finance Officer (CFO). Sachdeva will lead strategic and financial initiatives, enhancing financial oversight and sustainable growth.
Thankful to Alakh Sir and Prateek Sir for the opportunity – Sachdeva
“Joining Physics Wallah is a great opportunity to support an organisation seeking to make education accessible to many. I’m thankful to Alakh Sir and Prateek Sir for this opportunity and PW’s objective to broaden educational access,” said Sachdeva.
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Further, Alakh Pandey, CEO of Physics Wallah, welcomed Sachdeva, stating, “Amit’s experience in financial leadership and focus on robust corporate governance will be invaluable as we continue to grow and broaden our educational impact. His approach to finance as a transformative tool aligns with PW’s goals.”
Physics Wallah aims to release IPO in 2025
Sachdeva brings over two decades of experience, having worked with companies like IGT Solutions and Wipro. His appointment comes as Physics Wallah prepares for its initial public offering (IPO) next year, aiming to raise $400-500 million.
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Recently, Physics Wallah secured $210 million in funding, doubling its valuation to $2.8 billion. The company offers courses for K-12 students, test preparation, and UPSC coaching. Backed by investors like Lightspeed Ventures, Westbridge, and GSV Ventures, Physics Wallah reported a consolidated net loss of INR 1,131.2 crore in FY24, up 13.5 times from INR 84.06 crore in FY23. Revenue from operations jumped 2.6 times to INR 1,940.4 crore.
