India, April 18 -- Imarticus Learning is set to step into the public market with an initial public offering (IPO) looking to raise around INR 750 Cr in a combination of fresh issue and offer for sale of existing shares.

The Mumbai-based edtech company has appointed investment bank IIFL to manage the IPO. "We have set the timeline of filing DRHP in the next 4-5 months," founder and CEO Nikhil Barshikhar told Inc42 in an interaction.

Imarticus Learning is looking likely to become the second Indian edtech startup to hit the public markets after Westbridge Capital-backed Physics Wallah, which filed for an INR 4,500 Cr IPO two weeks ago through the confidential filing route.

These two IPOs could herald a turnaround in the edtech sector, whi...