PhysicsWallah acquires minority stake in edtech startup iNeuron
Shortpedia
Content Team
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PhysicsWallah has acquired an approximately 19.5% stake in an online learning platform iNeuron. As per iNeuron, its existing investors–S Chand, S Chand’s directors and Mukesh Sharma Family Trust have offloaded 6.5%, 3% and 10% respectively in the edtech startup and consequently sold their stakes to PhysicsWallah. According to regulatory filings, following the deal, S Chand has received about INR 13.8 Cr for divesting shares in iNeuron.
