PhysicsWallah Offloads ₹95.8 Cr Loan Book to Auxilo Finserve

6 Oct 2026, 7:30 am · 1h ago · 1 min read · YourStoryNew

Edtech major PhysicsWallah has exited direct student lending by selling a ₹95.79 crore loan portfolio belonging to its wholly-owned subsidiary, FinZ Finance, to education-focused NBFC Auxilo Finserve. The strategic move aims to reduce balance-sheet credit risks and refocus on core educational offerings, shifting future lending facilitation entirely to regulated third-party NBFCs. In other developments, aftermarket player TVS Automobile Solutions secured ₹425 crore in a Series D round led by UAE-based Crescent Enterprises' CE-Invests to expand myTVS globally, while ecommerce giant Flipkart bought a minority stake in B2B travel-tech startup TravClan to bolster Cleartrip's international holiday packages.