Chennai: While several startups are preparing for IPOs, Zomato has emerged as the best-performing startup, delivering a remarkable return of 187.93, while Paytm has plunged 65.69 per cent from the issue price. Nearly 30 startups have gone public since 2020. According to TheKredible, several startups including OfBusiness, Ecom Express, Shiprocket, Urban Company, Physics Wallah (PW), Pine Labs, Aye Finance are preparing for IPOs in the 2025-2026 period. Zomato has emerged as the best-performing startup in the public markets, delivering a remarkable 187.93 per cent from its issue price of Rs 76. Fintech startup Zaggle has provided returns of 110.82 per cent against its issue price of Rs 164. Other notable gainers include Awfis with return of 68.93 per cent, TBO Tek 68.48 per cent, BlackBuck 64.84 per cent, MapMyIndia 60.27 per cent, Ixigo 58.09 per cent and PolicyBazaar 52.24 per cent. Startups like Veranda Learning, Five Star Business Finance, RateGain, Mobikwik, Unicommerce, Digit Insurance, and EaseMyTrip have also generated positive returns since their IPOs. The recent stock market downturn, driven by factors affecting investor sentiment and profit booking, has caused significant losses for several stocks. Paytm has been the worst hit, plunging 65.69 per cent, followed by Fino, which dropped 58.98 per cent. Other major losers include Delhivery 44.98 per cent, Yatra 43.66 per cent, ideaForge 42.98 per cent, MamaEarth 30.86 per cent, Tracxn 24.19 per cent, Ola Electric 18.93 per cent, FirstCry 16.54 per cent, and Nazara 15.80 per cent. Swiggy, Nykaa, and CarTrade have also seen notable declines.
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