Every rupee of PhysicsWallah’s Rs 3,480 crore IPO in November 2025 traced back to a partnership most of India had barely heard one half of. Alakh Pandey, the physics teacher who turned a YouTube channel into a national coaching brand, became the public face of Indian edtech’s most unlikely unicorn. Behind him stood the man Prateek Boob PhysicsWallah insiders credit with turning that following into an actual company someone who rarely gave interviews and almost never showed up in the marketing.

This piece looks at what he actually built, and why his half of the story carries just as much weight as Pandey’s.

Who Is Prateek Boob?

Prateek Boob holds a mechanical engineering degree from IIT (BHU) Varanasi Prateek Boob IIT credentials that rarely make headlines next to Pandey’s teacher-turned-founder story. He is also known as Prateek Maheshwari. He began his career at Caterpillar India, an engineering-heavy corporate role that had nothing to do with classrooms.

Before PhysicsWallah, he built ventures spanning food and beverage and edtech, picking up operating experience most first-time founders skip entirely.

Joining hands with Alakh Pandey: He joined PhysicsWallah on July 1, 2020, exactly as Pandey’s YouTube-fuelled teaching career needed a structure that could survive beyond individual video uploads. It was less a hiring decision than a merger of two skill sets with almost no overlap.

As co-founder, Boob took charge of strategy, technology, and company operations, freeing Pandey to focus on teaching in front of a camera. IPO filings list him as a whole-time director responsible for strategy and innovation planning.

How Alakh Pandey and Prateek Boob Built PhysicsWallah Together

From YouTube Channel to EdTech Startup

Pandey’s channel had already crossed millions of views for JEE and NEET content before PhysicsWallah existed as a company. Converting that audience into paying users needed an app, a payment system, and a support structure the unglamorous plumbing that content alone can’t build, and the piece of the puzzle that fell to Boob.

Defining Their Roles

Alakh Pandey: Academic vision and content. Pandey set the curriculum tone, personally taught flagship batches, and decided which subjects and exams PhysicsWallah would prioritise first.

Prateek Boob: Technology, operations, and business strategy. Boob built the systems around that content app architecture, pricing, and later the acquisition pipeline that added new subjects and formats faster than an in-house team could.

Prateek Boob’s Biggest Contributions to PhysicsWallah

Building the Technology Ecosystem

The PW app had to handle live classes, recorded content, and testing for a user base scaling into millions within a few years. That is a technology problem before it’s an education problem, and it sat squarely on Boob’s side of the company.

Creating an Affordable Business Model

PhysicsWallah’s business model kept course pricing a fraction of traditional coaching fees, betting on volume over margin per student. Revenue from operations grew nearly 49% year-on-year to about Rs 2,886 crore in FY25, while net losses narrowed from roughly Rs 1,131 crore to close to Rs 243 crore over the same period, according to the company’s SEBI filings 

Scaling Operations Across India

PW Vidyapeeth, the company’s offline arm, opened its first coaching centre in Kota in June 2022 and expanded into dozens of cities within two years. Physical centres meant a different operating problem than an app real estate, faculty hiring, local logistics and Boob’s operations background mattered more here than his engineering degree.

Hiring the Right Team

Scaling from a two-person founding team to a workforce running live classes, offline centres, and acquired companies required building functional leadership that PhysicsWallah simply didn’t have in 2020.

Expanding into New Learning Categories

PrepOnline, Altis Vortex, FreeCo, iNeuron.ai, Xylem Learning, and the UAE-based Knowledge Planet all became part of PhysicsWallah under Boob’s watch, each adding a subject, format, or geography the core team hadn’t built organically.

Major Milestones Under Prateek Boob’s Leadership

YearMilestone
2020PW app launches, converting Pandey’s YouTube audience into a paying user base
2022PhysicsWallah crosses a $1.1 billion valuation after a $100 million round from WestBridge Capital and GSV Ventures, becoming India’s first teacher-led PhysicsWallah unicorn
2022PW Vidyapeeth opens its first offline centre in Kota, marking entry into physical coaching
2022-2024Company acquires PrepOnline, Altis Vortex, FreeCo, iNeuron.ai, Xylem Learning, and Knowledge Planet (UAE)
Nov 2025PhysicsWallah lists on the NSE and BSE via a Rs 3,480 crore IPO, debuting at a 42% premium

The IPO alone turned both founders into billionaires, with Pandey becoming India’s youngest at 33, as reported by Forbes.

Leadership Style: The Man Behind the Scenes

●        Low public profile: Boob gives few interviews and rarely appears in PhysicsWallah’s marketing, unlike Pandey’s constant on-camera presence.

●        Data-driven decision making: both founders held roughly 40.31% each ahead of the listing, a stake valued near Rs 11,458 crore apiece at the upper price band, according to Business Today.

●        Long-term vision: keeping combined founder ownership near 80% pre-IPO preserved decision-making leverage most startups lose several rounds before they list.

●        Focus on execution over publicity: the clearest way to put it: PhysicsWallah didn’t grow because a teacher went viral; it grew because someone treated that virality like a balance sheet, not a moment.

Why the Alakh Pandey–Prateek Boob Partnership Worked

PhysicsWallah founders split the company along almost no overlapping lines, which is rarer than it sounds in Indian startups built around a single charismatic figure.

Alakh PandeyPrateek Boob
Teaching & ContentBusiness & Strategy
Student ConnectTechnology
Brand BuildingOperations
Academic VisionCompany Growth

Challenges They Overcame

●       Competing with legacy coaching institutes that had decades of brand trust and physical infrastructure, PhysicsWallah had to build from scratch.

●       Scaling rapidly while maintaining quality, as the company moved from a single YouTube channel to dozens of subjects and exam categories in under five years.

●       Keeping courses affordable while losses were still heavy FY24’s net loss crossed Rs 1,131 crore before the company narrowed it sharply the following year, a gap it had to close before investors would underwrite an initial public offering.

●       Building trust in online education, and not every deal survived that test a planned acquisition of Drishti IAS, an UPSC coaching brand, was called off in 2025 over strategic and financial disagreements, a reminder that even a disciplined acquisition playbook doesn’t close every target.

Lessons Entrepreneurs Can Learn from Prateek Boob

●        Build complementary partnerships: pair a founder who owns the audience with one who owns the operating machinery, rather than duplicating skill sets.

●        Solve real problems: the app, payments, and support systems Boob built weren’t glamorous, but they were what let Pandey’s content actually convert.

●        Focus on affordability: PhysicsWallah won market share by pricing below legacy coaching institutes rather than matching their fees.

●        Scale through technology: offline centres came only after the app proved the model, not before.

●        Stay mission-driven: every major acquisition targeted a gap in the education mission, not a headline valuation.

●        Execution is as important as vision: Pandey’s teaching built the audience, but Boob’s execution is what turned it into a EdTech startup India could take public.

What’s Next for PhysicsWallah?

AI-powered learning tools are already part of PhysicsWallah’s roadmap, aimed at personalising test preparation at a scale live teaching alone can’t match.

Higher education initiatives, including university partnerships, mark a shift beyond test prep and into degree-linked learning.

Global expansion, following the Knowledge Planet acquisition in the UAE, suggests PhysicsWallah funding and acquisition muscle could extend the model to other price-sensitive education markets.

None of that changes the core bet: keep the price low, keep the technology working, and let the founders’ non-overlapping skills do the rest.

Conclusion

Strip away the IPO headlines and PhysicsWallah’s real achievement is a founding partnership that assigned two very different jobs to two very different people, then let each one actually own their half.

That structure is the more transferable part of the PhysicsWallah success story for other founders not the YouTube-to-unicorn arc itself, but the operating partner who made that arc survive contact with a balance sheet, a cap table, and eventually, public shareholders.

Read also: The Inspiring Journey of Physics Wallah Founder Alakh Pandey