Lightspeed Exits PhysicsWallah Post ₹550 Cr Stake Sale

VC firm Lightspeed Venture Partners has sold its 4.67 Cr shares in edtech company PhysicsWallah for ₹549.7 Cr. The shares were purchased at a weighted average price of ₹117.72, which was 6.7% below the stock's closing price. Lightspeed, which held a 1.61% stake in the company, has now completely exited the edtech sector. ICICI Prudential Mutual Fund, the largest buyer, acquired 2.2 Cr shares for ₹259 Cr, or almost half of the sold volume.

Other buyers included Goldman Sachs, Ghisallo Master Fund, Societe Generale and Morgan Stanley Asia. PhysicsWallah, backed by WestBridge Capital, Hornbill Capital and GSV Ventures, made its IPO debut but has struggled to become profitable. Despite reducing its net loss by 90% in FY26, the company reported a net loss of ₹88.3 Cr in Q1 FY27.