Physicswallah grew with almost no funding kept most of its ownership and built a huge following around its founder Alakh Pandey. Then it shifted gears and started buying companies expanding offline and spending more to grow faster. The numbers changed the risks changed and the company itself changed.

Investors still showed up for the IPO but the real question is what comes next.

What happens when a company built on frugality and founder energy suddenly tries to scale like a giant?

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