Startup news and updates: daily roundup (October 5, 2026)
From PanIIT Alumni India and the Andhra Pradesh government’s plan to create a Rs 500 crore venture fund focused on deeptech companies, to Ola Electric’s Chairman, Bhavish Aggarwal pledging a 4.32% stake in the company to raise funds, YourStory brings you today’s headlines with the latest developments across sectors.
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PhysicsWallah retreats from direct student lending
Edtech firm PhysicsWallah (PW) has moved decisively to reduce its exposure to direct student lending, with its wholly-owned subsidiary FinZ Finance agreeing to sell a Rs 95.79 crore loan portfolio to Auxilo Finserve, an RBI-registered NBFC focused on education finance.
The deal covers a substantial or major part of FinZ’s loan book and is expected to result in a partial closure of its lending operations, PW said, adding the transition of the…
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