Anagram Partners advised Think Investments on its INR 136 crore investment in PhysicsWallah, an edtech unicorn, as part of a pre-IPO funding round.

December 1, 2025

Global investment firm Think Investments has invested INR 136 crore in edtech unicorn PhysicsWallah through a secondary share sale, ahead of the company’s upcoming initial public offering (IPO).

Think Investments is a global investment firm headquartered in San Francisco and Mumbai, managing US$3 billion in assets and specializing in backing technology-led, early-stage and growth businesses worldwide.

PhysicsWallah is an Indian ed-tech company that offers affordable online and offline coaching for competitive exams, especially JEE and NEET.

Anagram Partners acted as the legal advisor to Think Investments on this transaction. The team was led by our Partner, Palaq Vora and comprised Aashna Kothari, Sarthak Parnami, Kaushal Mishra and Kartik Solanki.

Read more at:

Think Investments invests Rs 136 crore in PhysicsWallah in run-up to IPO – The Economic Times

PhysicsWallah IPO gets Rs 136 crore boost from Think Investments – IPO News | The Financial Express