India, Nov. 8 -- US-based investment firm Think Investments has acquired a stake in IPO-bound edtech unicorn PhysicsWallah (PW) via a secondary transaction.

Think Investments acquired 1.07 Cr equity shares of PW, translating to a 0.37 per cent stake, from its 14 employees, it said in a statement.

The firm acquired the shares at INR 127 each, as against PW's IPO price band of INR 103-109

"Pursuant to share purchase agreement dated November 3, read with the amendment letter dated November 3, 2025 entered into, 14 employees of the company have transferred an aggregate of 10,722,708 equity shares. to Think India Opportunities Master Fund LP on November 4, for an aggregate consideration of INR 136.17 Cr," the statement said.

Founded in 201...