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.

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

Inc42 · 5/16/2026, 1:57:36 PM · Ask about this →

Pine Labs + Ather Energy + Awfis + Groww + Honasa Consumer + Ola Electric + Swiggy +