SynopsisThe transaction gives Lightspeed a relatively modest return from its nearly two-year investment in PhysicsWallah. The investor had put about Rs 420 crore into the company in October 2024. PhysicsWallah's prospectus puts Lightspeed's acquisition cost, adjusted for subsequent conversion and bonus shares, at Rs 89.86 apiece.Venture capital firm Lightspeed Venture Partners has exited its entire stake in edtech startup PhysicsWallah, selling shares worth about Rs 550 crore on Wednesday, in less than two years since it first invested in the company.Lightspeed sold 4.67 crore shares at Rs 117.72 apiece for Rs 549.73 crore, exchange data showed. ICICI Prudential Mutual Fund was the biggest buyer, picking up 2.2 crore shares worth about Rs 259 crore, while funds linkedNow Playing
Lightspeed exits PhysicsWallah in Rs 550 crore block deal with 30% return - The Economic Times
The transaction gives Lightspeed a relatively modest return from its nearly two-year investment in PhysicsWallah. The investor had put about Rs 420 crore into the company in October 2024. PhysicsWallah's prospectus puts Lightspeed's acquisition cost, adjusted for subsequent conversion and bonus shares, at Rs 89.86 apiece.
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