The seed funding round was led by Rainmatter Investments, with additional participation from WEH Ventures and angel investors such as Alakh Pandey and Prateek Maheshwari of PhysicsWallah, along with Arjun Vaidya.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited and Axis Capital Limited are the bankers to the issue.
PhysicsWallah aims to invest INR 234.37 crore in Vidyapeeth, INR 49.89 crore in Pathshala, and INR 176.29 crore in Other Centers, targeting JEE, NEET, defence, government, and vocational courses.
PhysicsWallah (PW) has also expanded its offerings beyond school entrance preparation to postgraduate exams, civil services coaching, and skill development programmes.
Sachdeva previously served as CFO at Grofers (now Blinkit), where he led financial operations until its acquisition by Zomato in 2022. His background includes leadership roles at IGT Solutions and Wipro, underscoring his expertise in corporate finance.