India, Sept. 5 -- IPO-bound PhysicsWallah (PW) has picked up a 40% stake in UPSC coaching institute Sarrthi IAS at a valuation of around INR 250 Cr, sources told Inc42.

The deal will allow Sarrthi to leverage PW's tech infrastructure, the sources added.

The development was first reported by Entrackr. PW declined to comment on the acquisition.

Founded in 2023 by IIT Roorkee alumnus Varun Jain, Delhi-based Sarrthi IAS provides UPSC coaching and personalised mentorship for Civil Services Examination (CSE) aspirants. It offers courses in the range of INR 18,000 to INR 27,000. The institute also operates a dedicated mobile app and also has a physical offline centre in Delhi.

The acquisition would help PW bolster its presence in the UPSC pr...