Fortunes of startup founders swing with stock prices in past 12-14 months

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Key Points

With the exception of omnichannel beauty and personal care retailer Nykaa, founders of new-age public companies only hold minority stakes in their firms..

Zomato founder and CEO Goyals 4.2% stake in the Gurugram-based food-delivery company was worth nearly Rs 6,000 on February 27, almost three times the Rs 2,200 crore it was worth on December 31, 2022..

Sharma, who relinquished his seat on the board of Paytm Payments Bank on February 26, saw the value of the 9.1% stake held in his name fall to below Rs 2,500 crore on February 27, compared with Rs 3,071 crore at the end of December 2022...

However, the worth of Sharmas stake in Paytm parent One 97 Communications Ltd, had fallen to almost Rs 1,841 crore on February 16, when the stock hit its 52-week low..

Meanwhile, Tandon has been selling stakes in Delhivery and held 10.2 million shares worth Rs 480 crore as of February 27, compared to 10.8 million shares worth Rs 359 crore as of December 31, 2022..

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