Pine Labs, Zaggle Lead New-Age Tech Selloff as Q4 Earnings, Lock-In Expiries Bite
Pine Labs cratered 22% and Zaggle fell 18% this week as Q4 results and IPO lock-in expiries pressured listed new-age tech. Groww slid 8% while Nazara bucked the trend, surging 12% on block deals. Honasa won a Dubai arbitration, Ola Electric cleared a ₹2,000 Cr manufacturing investment, and EaseMyTrip approved a ₹500 Cr rights issue.
What happened
New-age tech stocks slid this week as Q4 earnings and IPO lock-in expiries hit Pine Labs (-22%) and Groww (-8%). Swiggy seeking IOCC status; Honasa won Dubai
Key facts
- Pine Labs -22.15%
- Groww -8.15%
- Zaggle -18.26%
- Nazara +11.87%
- Honasa arbitration AED 7.25 Mn
- Ola Electric ₹2,000 Cr investment
- EaseMyTrip ₹500 Cr rights issue
- Sensex -2.7%
- WPI 8.30%
Why this matters
Compressed valuations across listed new-age tech open a tactical window for strategic stake-builds or bolt-on M&A in payments and SaaS-fintech, while Honasa's arbitration win and EaseMyTrip's rights issue hint at balance-sheet repositioning across the cohort.
Also reported by
- Inc42 · Buzz — Same time