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VC funding dips in September despite big deals; More voices join the lineup at TechSparks 2026

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VC funding dips in September despite big deals; More voices join the lineup at TechSparks 2026

The edtech company’s wholly-owned subsidiary FinZ Finance has agreed to sell a Rs 95.79 crore loan portfolio to Auxilo Finserve, an RBI-registered NBFC focused on education finance. This is part of PhysicsWallah’s strategic move to focus on its core business and reduce balance-sheet and credit risks associated with lending. Going forward, lending will be facilitated through regulated third-party NBFCs. 

In other news, TVS Automobile Solutions has raised Rs 425 crore in a Series D round of funding led by CE-Invests, the investment arm of UAE-based Crescent Enterprises. The funding will be used to expand the company’s myTVS aftermarket brand in overseas markets, starting with MENA. 

Meanwhile, ecommerce marketplace Flipkart has picked up a minority stake in global B2B travel tech startup TravClan to strengthen international holiday offerings across Cleartrip and Flipkart Travel and expand access to global suppliers and destination support.

Moving on, AceVector, the parent company of Snapdeal, made a weak stock market debut on Monday, with its stock listing at Rs 28.32 on the NSE and Rs 28.30 on the BSE, down 11.5% from its issue price of Rs 32. This caught some investors off guard, especially as grey market trading had earlier indicated a 3% listing gain. 

In global news, OpenAI Chief Executive Sam Altman has said we must accept some of the risks associated with AI for the greater good. The benefits outweigh the risks, he argued. 

“We believe that ​the world should accept some bad things happening for the benefits of this ‌technology and people having the agency," Altman said in an interview with Politico's tech-centric newsletter Decoded .


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