India ·
Lightspeed fully exits PhysicsWallah, selling its last 1.61% for ₹550cr just above the edtech's IPO price
Lightspeed sold its entire remaining 4.67 crore shares (1.61%) in PhysicsWallah at a ₹117.72 weighted-average price — a 6.7% discount to the market close but roughly 8% above the ₹109 November 2025 IPO price — for ₹549.7 crore, with ICICI Prudential Mutual Fund taking nearly half the block and Goldman Sachs, Ghisallo, Societe Generale and Morgan Stanley Asia splitting the rest, closing out a bet the firm first made in the edtech's $210M September 2024 round.
Source: Inc42 ↗
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