The daily startup news review provides a summary of the latest events across various sectors. Among these is the Andhra Pradesh government's plan to create a venture fund worth 500 crore rupees, focused on deep technology companies, as well as the announcement by Ola Electric Chairman, Bhavish Aggarwal, about injecting equity into the company to raise funds.
The educational firm PhysicsWallah (PW) has decided to reduce its reliance on direct student lending. Its subsidiary, FinZ Finance, agreed to sell a loan portfolio worth 95.79 crore rupees to Auxilo Finserve, an RBI-registered NBFC specializing in education financing.
According to PW, this deal covers a significant portion of FinZ's credit portfolio and is expected to lead to the partial closure of its lending operations. The transfer of loans and borrowers is planned to be completed within 60 days. The speed of this change underscores the significance of this step.
Ola Electric founder, Bhavish Aggarwal, supported the upcoming IPO of Ola Electric worth 1,000 crore rupees, promising to contribute 4.32% of his stake in the electric vehicle manufacturer to finance his participation. This move followed the Ola Electric board of directors approving the plan to raise new capital through partially paid shares and appointing Deepa Bansal as the new Chief Compliance Officer to strengthen corporate governance.
According to documents filed with the stock exchange on Sunday, Aggarwal pledged 20 crore shares as collateral for unsecured debt obligations issued by Krutrim Data Centre Private Limited—an unrelated holding company owned by Aggarwal—to CTL Trusteeship Limited. The company clarified that the shares are not being sold, there are no other pledges on his assets, and Aggarwal will subscribe to the offering on the same terms as all other shareholders.
DigiCert introduced the DigiCert Partner Network—a global initiative designed to help partners provide, manage, and scale digital trust solutions across six different business models, including a specialized MSP program. This network, built on the DigiCert ONE platform, allows partners to go beyond basic certificate lifecycle automation and engage in high-growth areas such as PKI modernization, software and device security, AI-driven trust, and the transition to post-quantum cryptography, opening up revenue streams from services.
Table Space, India's largest flexible workspace operator by leased area, has expanded its presence in Hyderabad to 1.56 million square feet over eight years. As the market moves beyond established hubs like HITEC City into new corridors, such as Neopolis, the global local commerce platform DoorDash chose Table Space to establish its first talent center in India. Table Space will oversee the leasing, design, construction, and management of DoorDash's initial and long-term offices in HITEC City.
This collaboration demonstrates the managed office model focused on large enterprises that Table Space utilizes. Nationally, GKC accounts for 53.50% of the company's leased area, enabling Table Space to meet growing global demand in key Indian commercial nodes.
WeWork India Management Limited increased its footprint by opening two new centers in major commercial hubs: WeWork Infinix Palladium in Bengaluru and WeWork Millennium Towers in Pune. Together, these locations add approximately 2.25 lakh square feet and over 4500 workspaces to the company's national portfolio, responding to growing demand in self-sufficient urban corridors.
A separate center in Whitefield, Bengaluru, spanning 1.7 lakh square feet near the Singayyanapalya metro station, offers over 3100 workspaces tailored for large enterprises. In Pune, the Wakad facility, certified under LEED Platinum, adds 55,000 square feet and 1400 workspaces, leveraging proximity to the Hinjewadi tech hub and the Mumbai-Pune expressway.
