Bad Year For Honasa, But Who Gained The Most?

It was an eventful year for new-age tech companies on the IPO front, with 13 startups going public in 2024. These companies cumulatively raised a staggering INR 29,000 Cr ($3.4 Bn). 

However, the going wasn’t all easy for the 19 new-age tech companies which listed on the bourses before 2024. While the shares of eight out of these 19 companies gained this year on the back of improving financials, sectoral tailwinds, and strength in the broader market, 11 ended the year in the red. 

Zomato emerged as a multi-bagger this year, while Paytm made a remarkable turnaround. Four stocks – PB Fintech, Zaggle, Zomato and CarTrade Tech – ended the year with gains in excess of 100%.

The losers this year included Nykaa, ideaForge, Delhivery, MapmyIndia, among others, as they were impacted by varied reasons ranging…