PhysicsWallah has exited student lending. Effective immediately, its wholly-owned subsidiary FinZ Finance will no longer originate education loans — a shift confirmed by the sale of a Rs 95.79 crore loan portfolio to Auxilo Finserve, an RBI-registered NBFC specialising in education finance. The move is explicit: reduce balance-sheet exposure and shed credit risk tied to direct lending. PhysicsWallah will now route all student financing through third-party regulated lenders only. No new loans will be issued under its own name. This is not a pause. It is a full strategic withdrawal from the lending vertical. The company’s core edtech platform remains untouched. But the financial layer beneath it, once seen as a growth lever. Is now offloaded. TVS Automobile Solutions raised Rs 425 crore in a Series D round led by CE-Invests, the investment arm of UAE-based Crescent Enterprises. Funds will drive overseas expansion of its myTVS aftermarket brand, beginning with the MENA region. Flipkart acquired a minority stake in TravClan, a global B2B travel tech startup, to bolster international holiday inventory across Cleartrip and Flipkart Travel, specifically targeting broader access to global suppliers and on-ground destination support. AceVector. Snapdeal’s parent company, listed on the NSE and BSE on Monday at Rs 28.32 and Rs 28.30 respectively, down 11.5% from its Rs 32 issue price. Grey market indicators had pointed to a 3% premium. The gap between expectation and outcome was sharp. Venture capital funding into Indian startups fell 8.3% year-on-year in September 2026, totalling $1.139 billion. Down from $1.242 billion in September 2025. Yet month-on-month, it rose 15.5% from August’s $986 million. Four deals crossed $100 million, but they weren’t enough to offset broader caution. TechSparks 2026, YourStory’s flagship summit. Runs in Bengaluru from October 13 to 15. The theme is ‘The New Tech Order’. Karnataka ministers Priyank Kharge and Krishna Byre Gowda will attend, alongside Bihar Chief Secretary Pratyaya Amrit. The event is not just about startups. It’s where policy, capital and execution collide, and where exits like PhysicsWallah’s signal recalibration, not retreat.
PhysicsWallah quits student lending; TVS Auto raises Rs 425 crore; AceVector slips on debut
PhysicsWallah stops lending to students. TVS Auto raises Rs 425 crore. AceVector drops 11.5% on debut. VC funding dips YoY but rises MoM.
By The Ledger
The Tech Business Desk · (1 hour ago)

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