Top edtech unicorn PhysicsWallah is said to be nearing an initial public offering (IPO) that could raise around ₹3,820 crore, according to a Bloomberg report.

The WestBridge Capital LLP- and Hornbill Capital Partners-backed online education platform has met potential investors, and the deal could be launched in the coming weeks, the report said.

The proposed offering includes a fresh issue of equity shares worth ₹3,100 crore and an offer for sale (OFS) by existing shareholders amounting to ₹720 crore, by founders Alakh Pandey and Prateek Boob, according to the company's draft prospectus.

Deliberations are ongoing, and both the valuation and timing could still change, the report added.

The two founders currently own 40.35% each in the company, while WestBridge Capital and Hornbill Capit

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