PhysicsWallah Acquires Majority Stake In Sarrthi IAS For Around €72 Million
Edtech firm PhysicsWallah has acquired an additional 11% majority stake in Sarrthi IAS for approximately €72 million, increasing its holding to 51%.
Indian edtech company PhysicsWallah (PW) has increased its stake in UPSC coaching institute Sarrthi IAS to a majority 51%, acquiring an additional 11% for approximately €71.81 million (₹72 Cr). This transaction was part of a larger shareholders' agreement signed in September 2025. The deal allows PhysicsWallah to acquire up to 85% of Sarrthi IAS over six tranches between fiscal years 2026 and 2031. The acquired 11% stake strengthens PhysicsWallah's presence in the competitive examination preparation segment, particularly for civil services. Sarrthi IAS, founded in June 2023, offers both online and offline coaching for various competitive exams. The company reported a turnover of €76.52 million (₹76.52 Cr) in FY26, marking a significant increase from the previous fiscal year. PhysicsWallah, which began as a YouTube channel in 2016, has since expanded into a listed edtech platform. The acquisition aligns with PhysicsWallah's strategy to expand its educational offerings across different segments while reinforcing its position in the civil services exam preparation market.