Bengaluru: Venture capital firm Lightspeed Venture Partners has exited its entire 1.6% stake in PhysicsWallah, selling shares worth nearly Rs 550 crore on Wednesday, less than two years after backing the edtech company.

PhysicsWallah shares surged around 5% after nearly 4.67 crore shares worth about Rs 550 crore changed hands in a block deal at Rs 117.72 apiece. The stock has recovered sharply…

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…