Bengaluru: PhysicsWallah has hired Amit Sachdeva as its new Chief Financial Officer as it gears up for a planned IPO in 2025. Sachdeva, who previously served as CFO at Blinkit during its acquisition by Zomato in 2022, brings years of experience in finance from roles at IGT Solutions and Wipro.
The edtech startup recently secured $210 million in funding, led by Hornbill Capital Advisers and Lightspeed Venture Partners, pushing its valuation to $2.8 billion. PhysicsWallah plans to use a significant portion of this funding for acquisitions and expanding its footprint in cities like Pune, Hyderabad, and Dehradun, with a target of opening 40 new centers in the next year.
Co-founder Prateek Maheshwari noted the importance of strengthening the finance team and tightening governance as the company aims for a successful IPO. The hiring of Sachdeva, who has a strong track record in steering financial operations, marks a step toward preparing the edtech firm for its public debut.
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