Sachdeva will lead the strategic and monetary initiatives on the edtech firm. He was beforehand CFO at Grofers (now Blinkit) until August 2022, when it was acquired by meals supply platform Zomato. He has held management roles at IGT Options and Wipro as nicely.
“Amit’s expertise in monetary management and his give attention to strong company governance will likely be invaluable as we proceed our efforts to develop and broaden our instructional affect,” Alakh Pandey, CEO of PhysicsWallah, stated in an announcement.
Sachdeva’s appointment comes as the corporate prepares to go public.
ET reported last week the Noida-based firm’s operating revenue grew by a big 160% to Rs 1,940 crore in FY24, from Rs 744 crore in FY23. Its consolidated web loss ballooned by practically 13.5x to Rs 1,131 crore from Rs 84 crore a 12 months in the past attributable to the next wage invoice.
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It additionally closed a $210 million financing round led by Asian hedge fund Hornbill Capital and participation from enterprise capital fund Lightspeed Enterprise Companions, valuing the edtech main at $2.8 billion.
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