Inc42 Reports 29 Of 57 Listed New-Age Tech Stocks Gained

Listed Indian new-age tech stocks split sharply during the week, with Inc42 reporting that 29 of 57 tracked companies gained and 27 fell.

Inc42 reported that the same weekly table put the combined market capitalisation of 58 new-age tech companies at $134.45 Bn, down from $139.29 Bn at the end of the previous week.

Inc42 listed MapmyIndia as the biggest gainer after the stock rose 15.38% to ₹1,083.50.

The report also said PhysicsWallah gained 13.5% to ₹147.95.

The weekly table said ten other names, including RateGain, Shadowfax, Lenskart, Honasa Consumer, Delhivery, Nykaa, Ather Energy and Amagi, touched fresh highs during the week.

The losers were concentrated around company-specific pressure.

Inc42 reported that Ola Electric fell 9.11% after fresh insolvency petitions were filed by users, while Pine Labs dropped 6.86% to ₹145.35.

Inc42 reported that FirstCry touched an all-time low of ₹202.70 on July 9 and ended the week 3.26% lower at ₹211.95 on the BSE.

Ola Electric Faces Vendor Insolvency Petitions

Ola Electric’s share move followed three vendor insolvency pleas over alleged unpaid dues, Inc42 reported.

The report named Sterling E-Mobility Solutions and Anevolve Mando eMobility among the petitioners, along with Seoyon E-Hwa Summit Mobility Krishnagiri.

The EV company said in an exchange filing that the first two petitions stem from pre-existing disputes already under arbitration.

The company also said it had raised warranty and performance concerns about certain parts supplied by the two vendors.

Inc42 noted that Rosmerta Group, Ola Electric’s registration service provider, had filed an insolvency plea against the company last year before the matter was resolved.

Inc42 linked the latest market pressure to a broader period of regulatory issues and customer complaints at Ola Electric.

Inc42 still listed the company’s shares as 11% higher on a year-to-date basis as it seeks to recover market share.

Swiggy Moves Foreign Ownership Below 50%

Swiggy supplied the main regulatory-structure update in the same weekly market note.

Inc42 reported that depository data showed Swiggy’s aggregate foreign investment at 49.76% on a fully diluted basis as of July 6, 2026, moving the company below the 50% threshold.

JM Financial said the reduction was a key prerequisite for Indian-Owned-and-Controlled Company status under FEMA, but not sufficient on its own, according to Inc42.

According to Inc42, the brokerage said Swiggy would also need governance changes showing that ownership and control vest with resident Indian citizens or entities, and said the IOCC eligibility test is based on the ownership and control position at the end of March of the previous fiscal year.

Swiggy also disclosed food-regulator updates.

Inc42 reported that the company said the FSSAI issue involving Toing related to licence-particular updates and involved no food safety concerns.

Inc42 reported that Swiggy said it received a modified FSSAI licence on July 9, with no monetary penalty and no major operational or financial impact from the order.

Inc42 also reported that the regulator later issued nine notices to Swiggy Instamart following consumer complaints over alleged expired, spoiled and contaminated food products.

QIP, CFO Exit And Earnings Updates Add Company-Level Signals

The weekly note included several company-level developments beyond stock prices.

Inc42 reported that Fractal group CFO Ashwath Bhat resigned on July 6 for personal reasons and will continue to lead the finance function until July 24 while the company searches for a replacement.

Inc42 also reported that ideaForge raised ₹500 Cr through a QIP to repay or prepay debt, develop new products and fund day-to-day operations.

Inc42 reported that Nykaa and Honasa Consumer projected near 30% year-on-year top-line growth for Q1 FY27 ahead of the earnings season.

The report also said TAC Infosec reported a 137% year-on-year and 34% quarter-on-quarter increase in net profit to ₹8.1 Cr and a 102% year-on-year rise in operating revenue to ₹19.8 Cr.

Paytm also had board and international updates in the same week.

Inc42 reported that Paytm appointed Paytm Money director Venkatesh Srinivasan and Trident Capital founder Sachee Trivedi as non-executive independent directors, while general counsel and SVP-legal Urvashi Sahai resigned.

The same note said Paytm announced a partnership with Indonesian company Flip and a small investment tied to merchant-base expansion in the country.

The Inc42 weekly table did not disclose trading volumes behind each company move, investor categories for the new-age tech stock flows, full order details for Ola Electric’s vendor petitions, final IOCC approval for Swiggy, or updated outcomes from the FSSAI notices.