Edtech unicorn PhysicsWallah has approved investment of Rs 120 crore into its wholly-owned subsidiary FinZ Finance to strengthen the edtech firm’s push into financial services. According to its stock exchange filing, the audit committee of PhysicsWallah approved the investment through subscription to up to 2.66 crore equity shares of FinZ Finance on a rights basis. The investment will be made in cash at an issue price of Rs 45 per share The company said the capital infusion is aimed at augmenting the working capital requirements of FinZ Finance and supporting the expansion of its business operations. FinZ Finance was incorporated in July 2024 and received its NBFC licence from the Reserve Bank of India in September 2025. The subsidiary commenced operations in March this year and is engaged in financing, leasing, and hire purchase services for consumers, individuals, and corporates. The move shows PhysicsWallah’s push beyond its core test-prep business into adjacent consumer-focused segments following its stock market debut. Earlier this year, the company expanded into theyoga and wellness spaceby increasing its stake in Kay Lifestyle and Wellness (Kamya Yoga & Wellness), while also backing FinZ Finance to scale its financial services business. The Noida-based edtech firm is also set to acquire a partial stake inRojgar With Ankit. Earlier, in December last year, the company increased its stakes in Xylem Learning and Utkarsh Classes. While the company is expected to file its Q4 FY26 results soon, in Q3 FY26, PhysicsWallah reported a 34% year-on-year growth in operating revenue toRs 1,082 crorein Q3 FY26, while its profit crossed the Rs 100 crore mark during the quarter. As at 1:37 PM (today), PhysicsWallah’s shares were trading at Rs 111.95, which valued the company with a total market capitalization of Rs 32,318 crore ($3.4 billion). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
