Mumbai, June 4 -- The company said it will partner with multiple regulated non-banking financial companies (NBFCs) to provide education loans to students. The move comes shortly after PhysicsWallah announced an investment of around Rs 120 crore in its wholly owned subsidiary, FinZ Finance.

In an exchange filing, the company said it is moving away from its earlier plan of undertaking lending activities directly. The revised approach is expected to reduce balance-sheet and credit risks.

PhysicsWallah said it will continue to operate as a technology platform that connects students with a curated network of regulated lending partners. The company expects the model to improve affordability, accessibility and scalability.

The future strategy...