Edtech unicorn PhysicsWallah is set to acquire a partial stake in Rojgar With Ankit, according to media reports, marking a strategic move to deepen its presence in the government job preparation segment. The Noida-based firm confirmed in a stock exchange filing that it is in discussions with relevant parties, including Rojgar With Ankit, although details of the transaction remain under wraps.
Sources indicate that the deal could value Rojgar with Ankit at around Rs 400 to 500 crore in its initial tranche. The investment is expected to involve a minority stake, though the exact size has not yet been disclosed. The development comes as PhysicsWallah continues to sharpen its focus on high-growth verticals within the edtech ecosystem.
Strategic Bet on Upskilling and Govt Exams
The potential investment aligns with PhysicsWallah’s broader strategy to strengthen its foothold in upskilling and competitive exam preparation, particularly government job exams. Rojgar With Ankit, founded in 2020, operates in this niche and has built a steady user base through its focused offerings.
There are indications that PhysicsWallah may look to integrate certain services from Rojgar With Ankit into its existing platform. Such a move could help drive user engagement and expand its reach among aspirants preparing for public sector roles.
Deal Structure Still Under Discussion
While discussions are ongoing, it remains unclear whether the transaction will be executed in multiple tranches or include follow-on investments. PhysicsWallah has not officially responded to detailed queries regarding the deal.
Notably, this would be the company’s first acquisition since its listing in November 2025. However, it has been active on the investment front, having increased its stakes in Xylem Learning and Utkarsh Classes in December last year.
Also Read: Accel Bags $5 Billion to Accelerate AI and Late Stage Venture Bets
Strong Financials and Founder-Led Ownership
Rojgar With Ankit has demonstrated solid financial performance, reporting revenue of Rs 62.26 crore and a profit of Rs 5.35 crore in FY25. The company has remained bootstrapped so far, with founder Ankit Kumar holding a 90 percent stake, while Shimala owns the remaining 10 percent.
If finalised, the deal could mark a significant step in PhysicsWallah’s expansion strategy within India’s competitive edtech landscape.
