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From Paytm to Zomato, start-ups see fresh round of selling; stock falls

Market players said the selling could be because of fears around further sell-downs by existing investors

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Last week, Alibaba sold nearly a 3 per cent stake in Paytm

Samie Modak
Shares of Paytm, Nykaa, and Zomato crashed 5 per cent each on Tuesday even as the BSE benchmark Sensex gained close to a per cent. 

Market players said the selling could be because of fears around further sell-downs by existing investors. After the end of the one-year lock-in period post-IPO, several large funds have pared their holdings in new-age tech startups, weighing on their stock price performance. 

Last week, Alibaba sold nearly a 3 per cent stake in Paytm. Shares of Paytm, Nykaa, and Zomato are down more than 60 per cent each from their highs.

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First Published: Jan 17 2023 | 10:39 PM IST

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