PhysicsWallah raises stake in Kamya Yoga & Wellness to 41.18% with Rs 1.5 crore investment

Edtech major PhysicsWallah (PW) has expanded into the yoga and wellness segment by increasing its stake in Kay Lifestyle and Wellness Private Limited, which operates under the brand Kamya Yoga & Wellness, according to regulatory disclosures filed with stock exchanges.

In an exchange filing dated February 5, the PW board approved the second tranche of investment in Kay Lifestyle through the subscription of 300 Series Seed Compulsorily Convertible Preference Shares (CCPS). The investment, valued at Rs 1.5 crore, takes PhysicsWallah’s shareholding in the company to 41.18% on a fully diluted basis.

PW had entered into a shareholders’ agreement (SHA) and a share subscription agreement (SSA) with Kay Lifestyle and its shareholders on April 15, 2025, committing to invest in the company in multiple tranches. As part of the first tranche, the edtech firm had acquired one equity share and 399 Series Seed CCPS.

Under the terms of the agreements, PhysicsWallah can subscribe to up to 999 CCPS, which could potentially increase its ownership in Kay Lifestyle to 50% on a fully diluted basis, subject to the fulfilment of agreed conditions. PW said it expects to complete the proposed investment within one year, in line with the timelines outlined in the agreements.

Founded in January 2025, Kay Lifestyle and Wellness operates in the health, fitness and wellness space, offering services across yoga, meditation, nutrition and allied wellness programmes. The company reported a turnover of Rs 1.17 crore for the period ended December 31, 2025, according to the filing.