Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it?
India’s new-age tech stocks saw a sharp divergence in performance in the first half of 2025, as investors recalibrated their expectations and began pricing in execution risk, capital discipline, and earnings visibility. Shares of Ola Electric crashed nearly 50%, Swiggy fell 26%, and Paytm declined 9%, as execution concerns and cash burn drove investors away….