On 8 November 2025, edtech unicorn PhysicsWallah announced a Rs 136.17-crore pre-IPO stake sale to Think Investments, acquiring 1.07 crore shares (≈0.37%) at Rs 127 each. The firm’s forthcoming IPO, opening 11 Nov, has a price band of Rs 103-109 per share and targets a valuation of over Rs 31,500 crore. The investment signals strong confidence ahead of listing, amid increasing investor appetite in India’s edtech segment.