PhysicsWallah Names Former Blinkit Executive Amit Sachdeva as Chief Financial Officer
Edtech giant PhysicsWallah (PW) has appointed former Blinkit executive Amit Sachdeva as its Chief Financial Officer as the company gears up for its upcoming listing.
With a career in finance, before PhysicsWallah, Amit has worked across multiple industries in Consumer Tech, and IT/ITeS, and has held leadership roles at IGT Solutions, Blinkit, and Wipro.
At PW, he will lead the strategic and financial initiatives and strengthen the company’s vision of making quality education accessible.
“Joining PhysicsWallah is a great opportunity to support an organization seeking to make education accessible to so many”, said Amit.
“Amit’s experience in financial leadership and his focus on robust corporate governance will be invaluable as we continue our efforts to grow and broaden our educational impact”, Alakh Pandey, chief executive officer of PhysicsWallah, said in a statement.
This comes at a time when PhysicsWallah has raised $210 million funding round led by Hornbill Capital Advisers and Lightspeed Venture Partners, which valued the edtech firm at $2.8 billion, more than doubling its prior valuation of $1.1 billion. Existing investors GSV Ventures and WestBridge were also involved.
The proceeds will expand its offline presence, diversify into new regions, and potentially look at acquisitions, Prateek Maheshwari, co-founder of PhysicsWallah said.
The edtech giant has been entering new verticals and investing in inorganic growth opportunities. The fresh investment is expected to fuel the company’s growth momentum. Offline expansion will be a key theme for the company as it looks to expand its reach in various other test prep and coaching sectors.
Driven by positive public market sentiment, many Indian start-ups that previously established themselves abroad are now looking to return home, drawn by improved prospects for initial public offerings (IPOs). Companies like Razorpay, Pine Labs, KreditBee, Zepto, Eruditus, and InMobi are planning to flip back in the coming months in anticipation of future IPOs. According to research from Redseer, a notable surge in IPO-ready companies is expected by FY28, fueled by a growing focus on profitability.