India’s fast-growing edtech space continues to witness strategic expansion moves, with PhysicsWallah reportedly in discussions to invest in Rojgar With Ankit. The potential deal signals a focused push by the company into the government job preparation segment, an area that has seen sustained demand among aspirants across the country.
The development comes months after PhysicsWallah’s public listing in November 2025, marking a new phase in its growth strategy. While the company has confirmed ongoing discussions with multiple entities, including Rojgar With Ankit, it has clarified that no definitive agreement has been finalised so far.
Expansion Strategy Post Listing
Since its listing, PhysicsWallah has been actively exploring opportunities to expand its footprint across different segments of the education ecosystem. The company has already increased its stakes in other learning platforms, reflecting a broader strategy to diversify offerings beyond its core strengths.
The possible investment in Rojgar With Ankit would represent its first acquisition or strategic stake in the government exam preparation domain after going public. This segment is particularly significant in India, where millions of candidates prepare for competitive exams conducted by various public sector institutions each year.
By entering this space, PhysicsWallah aims to tap into a large and consistent user base that seeks structured and affordable learning resources.
Potential Deal Structure and Valuation
According to available reports, the proposed transaction could value Rojgar With Ankit in the range of ₹400 crore to ₹500 crore during the initial phase. The investment is expected to be structured as a minority stake, though exact details regarding the size of the stake or financial terms have not been disclosed.
Such a structure would allow PhysicsWallah to collaborate with the platform while enabling the existing management to continue operating independently. Minority investments are often used in strategic partnerships where both entities aim to leverage each other’s strengths without undergoing full integration.
The discussions may also involve collaboration on content distribution and platform integration, which could enhance the reach and effectiveness of both companies’ offerings.
Focus on Government Exam Preparation Segment
The government job preparation segment remains one of the most competitive and high-demand areas in India’s education sector. Exams for banking, railways, defence, and civil services attract millions of aspirants annually.
Rojgar With Ankit has carved a niche in this space by offering targeted content tailored to these examinations. Its focus on accessibility and affordability has helped it build a strong user base without relying on external funding.
For PhysicsWallah, entering this segment aligns with its broader vision of providing educational resources across multiple verticals. By associating with a platform that already has domain expertise, the company can strengthen its position in this category.
About Rojgar With Ankit
Founded in 2020, Rojgar With Ankit operates as a specialised platform catering to government exam aspirants. The company has grown organically, maintaining a bootstrapped model without external investment.
For the financial year 2025, the platform reported revenue of ₹62.26 crore and a profit of ₹5.35 crore, indicating steady operational performance. The ownership structure remains concentrated, with founder Ankit Kumar holding a 90% stake and the remaining 10% owned by Shimala.
The platform’s ability to achieve profitability without external funding highlights its focused approach and efficient cost management.
Possible Synergies Between the Platforms
If the investment materialises, it could open up several avenues for collaboration between the two companies. PhysicsWallah’s large user base and technological infrastructure could complement Rojgar With Ankit’s specialised content in government exam preparation.
Integration of select courses or content modules into PhysicsWallah’s ecosystem may help expand the reach of Rojgar With Ankit. At the same time, PhysicsWallah could benefit from enhanced engagement among students preparing for public sector exams.
Such collaborations often aim to create a more comprehensive learning ecosystem, where users can access a wide range of educational resources within a unified platform.
Competitive Landscape in Edtech
The edtech industry in India has evolved rapidly over the past decade, with companies expanding beyond traditional academic learning into test preparation, upskilling, and professional education.
Government exam preparation remains a key segment due to its scale and consistency. Platforms operating in this space often focus on affordability, regional language content, and targeted preparation strategies.
PhysicsWallah’s potential entry into this segment through a strategic investment reflects the increasing importance of diversification in the edtech sector. Companies are looking to build multi-segment platforms to cater to varied learning needs.
Current Status of Discussions
At present, the discussions between PhysicsWallah and Rojgar With Ankit remain at a preliminary stage. The company has indicated that it is in talks with multiple parties, suggesting that the final outcome may depend on several factors, including strategic alignment and deal terms.
The absence of a binding agreement means that the transaction is still subject to negotiation and potential changes. However, the interest itself highlights the growing relevance of the government exam preparation segment within the broader edtech landscape.
Conclusion
PhysicsWallah’s exploration of an investment in Rojgar With Ankit underscores its intent to expand into new areas within the education sector. By targeting the government exam preparation segment, the company is positioning itself to cater to a wider audience of learners.
While the deal is yet to be finalised, it reflects ongoing consolidation and strategic collaboration trends within the edtech industry. As platforms continue to evolve, partnerships like these are expected to play a key role in shaping the future of digital education in India.
Summary
PhysicsWallah is in discussions to invest in Rojgar With Ankit, a government exam preparation platform, with the deal potentially valuing the company between ₹400 crore and ₹500 crore. The proposed investment is likely to involve a minority stake and reflects PhysicsWallah’s expansion into the competitive government exam segment. Founded in 2020, Rojgar With Ankit operates without external funding and reported ₹62.26 crore in revenue and ₹5.35 crore in profit for FY25. The development highlights evolving strategies in India’s edtech sector as companies seek to diversify and expand their offerings.
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