M&A
Edtech unicorn PhysicsWallah to acquire S Chand's stake in iNeuron Rs.14-Cr
Listed-education content provider S Chand and Company Ltd will sell its entire stake in Bengaluru-based, data sciences-focussed iNeuron Intelligence Pvt Ltd to Noida-based edtech unicorn Physicswallah for about INR 14 crore. The co-investors, Mukesh Sharma Family Trust, would also be exiting their investment in iNeuron Intelligence. LoEstro Advisors LLP is the exclusive financial advisors to iNeuron and the exiting shareholders. S Chand, along with its wholly-owned subsidiaries Vikas Publishing and Chhaya Prakashani, had acquired a minority stake in iNeuron Intelligence in December 2021 in two tranches; it completed its second tranche of investment in September 2022.
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