Lightspeed exits PhysicsWallah with Rs 550 Cr block deal

Silicon Valley-based Lightspeed Venture Partners has exited edtech company PhysicsWallah’s shareholding through a Rs 550 crore block deal on the NSE on Wednesday. According to exchange data, Lightspeed, through Lightspeed Opportunity Fund II, sold its entire holding of 4,66,98,120 shares, representing a 1.61% stake, at Rs 117.72 apiece in a block deal worth Rs 549.73 crore. The fund, which held the stake at the end of June 2026, exited its entire holding through the transaction. The shares were picked up by a mix of domestic and global institutional investors, with ICICI Prudential Mutual Fund emerging as the largest buyer. It acquired 2.2 crore shares worth Rs 258.98 crore. Other buyers in the block deal included Citigroup Global Markets Mauritius, Viridian Asia Opportunities Master Fund, multiple Goldman Sachs entities, GS India Equity, JSS Investmentfonds II, Ghisallo Master Fund, Mediolanum India Opportunities, Morgan Stanley Asia Singapore, New York State Teachers Retirement System, OP-India Fund, Societe Generale and Tata AIA Life Insurance. On the financial front, PhysicsWallah reported a 24% year-on-year increase in revenue to Rs 1,054 crore in Q1 FY27, while its consolidated net loss narrowed 31% to Rs 88 crore from Rs 127 crore in the year-ago quarter. Its EBITDA also turned positive at Rs 52 crore, compared with an EBITDA loss of Rs 21 crore in Q1 FY26. The transaction was executed at a discount to PhysicsWallah's previous close of Rs 121.35. Following the deal, t…