Private Equity Liquidity Events
Lightspeed exits PhysicsWallah in Rs.550-Cr stake sale
Source Inc42 (opens in a new tab)
Venture capital firm Lightspeed Venture Partners has fully exited listed edtech company PhysicsWallah by selling 4.67 crore shares in a block and bulk deal transaction. The sale, executed through Lightspeed Opportunity Fund II, generated INR 549.7 Cr. The shares were offloaded at a weighted average price of INR.117.72 apiece on August 26.Founded in 2020 by Alakh Pandey and Prateek Maheshwari, PhysicsWallah provides educational content and coaching for competitive examinations in India.
Company website ↗ (opens in a new tab)
In Sep 2024, Lightspeed Ventures along with Orchid Asia, WestBridge and GSV Ventures had invested $210-M in PhysicsWallah.