The infusion of Rs 26.5 crore is part of a February 2023 agreement, under which the edtech firm plans to gradually acquire full ownership of Utkarsh Classes by March 2028.
Edtech unicorn PhysicsWallah has increased its stake in its subsidiary Utkarsh Classes & Edutech Private Limited to 75.50 percent after approving the third tranche of its investment.
PhysicsWallah increases holding in Utkarsh Classes to 75.5 percent Third tranche completed with Rs 26.5 crore cash payment Plans to acquire remaining stake by March 2028 The acquisition is part of a ...
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