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

Economic TimesEconomic Times · 9m
Fortunes of startup founders swing with stock prices in past 12-14 months

The article discusses the fluctuating worth of startup founders based on the stock prices of their companies. While most founders hold minority stakes in their firms, Nykaa's promoters own over 52% of the company. Zomato's founder, Deepinder Goyal, has seen his stake's value rise significantly, driven by the company's profitability and growth of its quick-commerce arm, Blinkit. Meanwhile, Paytm's founder, Vijay Shekhar Sharma, has experienced a decline in the value of his stake due to regulatory actions against Paytm Payments Bank. Policybazaar's founders have witnessed a rise in the value of their stakes as the company achieved its first quarterly profit. The article also mentions the performance of FSN E-commerce (Nykaa's parent company) and Delhivery in the ecommerce industry.

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