Khaitan & Co advised Lightspeed Venture Partners in relation to investment by Lightspeed with the lead investor, Hornbill Capital Partner Private Limited and other co-investors which included Westbridge Capital and GSV Capital in PhysicsWallah Private Limited, for an aggregate amount of approximately USD 210 million as part of their Series B funding round.

The core team consisted of Bharat Anand, Partner; Nidhi Killawala, Partner; Ayushi Mishra, Principal Associate and Ishaan Chopra, Associate with assistance from the following:

Indian competition law aspects: Pranjal Prateek, Partner; Soham Banerjee, Principal Associate; Rishabh Vohra, Associate and Shubhanshu Jain, Associate.

Education law related aspects: Sanchit Agarwal, Partner.

The Firm assisted Lightspeed in examining the business model of PhysicsWallah from an Indian law perspective; assisted Lightspeed in reviewing the legal due diligence report for PhysicsWallah, from an Indian law perspective and proposed changes to the transaction documents; and advising Lightspeed on the Indian competition law aspects of the transaction.