India, Aug. 9 -- India's edtech sector is reeling from a brutal reality check, but Alakh Pandey-led PhysicsWallah is looking to change the tune with its much-anticipated IPO.

The company is on course to become the first Indian edtech startup to hit the public markets, but the moment comes amid a shift in the company's approach and a change in its test prep strategy.

The PW IPO said to be in the range of INR 4,000 Cr to INR 4,600 Cr isn't just a test for the company but also for Indian edtech, which has seen a dramatic reversal of fortunes since the fall of BYJU'S and the troubles at Unacademy.

Outside of these edtech giants, dozens of early stage and growth stage startups also shut shop, as the online-first edtech sector shifted to a h...