PhysicsWallah Trims Lending; Bhavish Aggarwal Pledges Ola Stake

5 Oct 2026, 2:22 pm · 12h ago · 1 min read · YourStory

In recent startup developments, edtech unicorn PhysicsWallah's subsidiary FinZ Finance has agreed to sell a Rs 95.79 crore loan portfolio to education-focused NBFC Auxilo Finserve, effectively winding down its direct student lending operations within 60 days. Meanwhile, Ola Electric founder Bhavish Aggarwal has pledged a 4.32% stake, comprising 20 crore shares, to finance his participation in the EV maker's upcoming Rs 1,000 crore rights issue. Additionally, PanIIT Alumni India partnered with the Andhra Pradesh government to establish a Rs 500 crore venture fund targeting early-stage deeptech companies across key innovation sectors.