PhysicsWallah Approves INR 120 Cr Investment in FinZ Finance

Edtech unicorn PhysicsWallah has approved an investment of INR 120 crore (around USD 14.5 million) in its wholly owned subsidiary, FinZ Finance, as part of its expansion into financial services. 

The decision was cleared by the company’s audit committee and will be executed through the subscription of up to 2.66 crore equity shares on a rights basis. The shares will be issued at INR 45 each, with the investment to be made in cash, as per Entrackr media reports.

According to the company, the capital infusion is intended to support the working capital needs of FinZ Finance and help scale its operations. The subsidiary, incorporated in July 2024, received its non-banking financial company (NBFC) licence from the Reserve Bank of India in September 2025. It began operations in March this year and offers financing, leasing and hire purchase services to individuals, consumers and corporates.

The move signals PhysicsWallah’s continued efforts to diversify beyond its core test preparation business. Following its stock market debut, the Noida-based firm has been expanding into adjacent consumer-focused segments. Earlier this year, it increased its stake in Kay Lifestyle and Wellness, which operates in the yoga and wellness space, and has also been backing FinZ Finance to grow its financial services presence.

In addition, the company is planning to acquire a partial stake in Rojgar With Ankit. It had previously raised its stakes in Xylem Learning and Utkarsh Classes in December last year.

While its fourth-quarter results for FY26 are awaited, PhysicsWallah reported a 34 percent year-on-year increase in operating revenue to INR 1,082 crore (around USD 130 million) in Q3 FY26, with profit exceeding INR 100 crore (around USD 12 million) during the quarter.