IPO listings see Rs 2L cr erosion, tech startups account for half

The selloff in the market in the past few weeks has wiped out over Rs 2 lakh crore from recently listed stocks that include leading ones like One97 Communications (Paytm), FSN E-Commerce Ventures (Nykaa), Zomato, PB Fintech (PolicyBazaar) and CarTrade. However, Nazara Technologies, a gaming company that is backed by billionaire investor Rakesh Jhunjhunwala, has remained mostly insulated from the recent rout in tech-enabled, consumer-facing companies.

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