Edtech giant Physics Wallah (PW) has appointed former Amit Sachdeva, former Blinkit CFO, as its new Chief Financial Officer (CFO), marking a significant step in its executive team expansion.
Sachdeva brings extensive financial expertise from previous leadership roles across various consumer technology, IT, and e-commerce sectors, including IGT Solutions, Wipro, and Blinkit.
Focusing on sustainable growth
A Chartered Accountant from the Institute of Chartered Accountants of India and a Certified Public Accountant in the USA, Amit is an alumnus of Shri Ram College of Commerce (SRCC), University of Delhi.
In his new role, he will lead strategic and financial initiatives and strengthen the company’s vision of making quality education accessible.
Leadership comments
Reflecting on his new role, Amit said, “Joining Physics Wallah is a great opportunity to support an organization seeking to make education accessible to so many. I am thankful to Alakh Sir and Prateek Sir for this opportunity and PW’s objective to broaden educational access and be of help to students working towards their goals.”
Alakh Pandey, CEO of Physics Wallah, emphasized on the value of this appointment, stating, “Amit’s experience in financial leadership and his focus on robust corporate governance will be invaluable as we continue our efforts to grow and broaden our educational impact. His approach to finance as a transformative tool aligns with PW’s goals, and we’re happy to welcome him.”
Funding and investors
The appointment comes almost two months after the Alakh Pandey-led company raised $210 million in a Series B funding round at a valuation of $2.8 billion—more than double the $1.1 billion it achieved in its previous Series A round.
Hornbill Capital led the funding, which was raised through a mix of primary and secondary transactions. Lightspeed Venture Partners, GSV, and WestBridge also participated.