New-Age Tech Stocks: EaseMyTrip, SEDEMAC Lead Weekly Gains; Yudiz, ideaForge Slip

New-age tech stocks saw stock-specific movement this week amid the ongoing market volatility. Thirty one out of the 57 new-age tech stocks under Inc42’s coverage gained in a range of 0.05% to close to 24% this week, while 25 stocks fell in a range of 0.30% to close to 15%.

EaseMyTrip was the biggest gainer this week, ending 23.7% higher at ₹8.35. Shares of Kissht, Ather Energy, Honasa Consumer, Shadowfax, ideaForge, SEDEMAC and MobAvenue touched fresh highs this week. However, only SEDEMAC, Yudiz and Shadowfax ended the week in the green from them. 

Meanwhile, the list of losers was topped by NSE SME-listed Yudiz, with its shares plunging 14.81% to end at a fresh low of ₹22.15. Profit booking created pressure on shares of BlueStone, ideaForge and Aequs, resulting in them closing the week in the red. 

Overall, the market capitalisation of the 57 new-age tech companies stood at $129.58 Bn at the end o the week as against $131.94 Bn a week ago. 

With that, let’s take a look at some of the key developments at the new-age tech companies this week.

Key Updates Of The Week

• Zepto Moves Closer To D-Street Debut: The quick commerce major filed its updated DRHP with the SEBI for a proposed IPO that will comprise ₹8,050 Cr fresh issue and an offer for sale of up to 11.35 Cr shares. The OFS will largely be led by early backer Nexus Venture Partners.
• Ather Goes Fundraising: Days after Ola Electric closed its QIP, Ather Energy’s board approved the proposal to raise up to ₹2,500 Cr via QIP and other equity-linked instruments. While ₹1,500 Cr is intended to be raised via a QIP, the remaining ₹1,000 Cr would be raised through a preferential issue, rights issue, equity shares or foreign currency convertible bonds.
• Pine Labs Completes Shopflo Acquisition: The fintech major completed 100% acquisition of Tiger Global-backed SaaS startup Shopflo. In April, the company announced the acquisition in an all-cash ₹88 Cr deal. The new wholly owned subsidiary will help Pine Labs increase its presence in the ecommerce and digital merchant payments space.
• Unicommerce’s Chairman Quits: Ecommerce SaaS company Unicommerce’s board chairman and Confederation of Indian Industry’s Manoj Kumar Kohli resigned due to “personal and unavoidable circumstances” on June 9. Separately, Unicommerce announced that it has partnered with Binny Bansal’s ecommerce venture Opptra to expand its presence in the South East Asian market.
• Aequs Doubles Down On Toys: In line with its focus on toy manufacturing, Aequs’ subsidiary Aequs Toys has made a further investment of ₹4 Cr in the company’s step down subsidiary Koppal Toys Molding. The turnover of the step down subsidiary for FY26 zoomed about 5X YoY to ₹11.77 Cr.
• E2E Networks Completes Mainboard Listing: The AI-focused cloud service provider, which listed on the NSE SME Emerge platform in 2018, made its debut on the BSE mainboard yesterday, touching the upper circuit on the first day of trade. The company listed on NSE mainboard in 2021.
• Another Tax Demand For Eternal: Adding to the long list of GST demands for Eternal, authorities from Andhra Pradesh sent a GST demand notice worth ₹9.63 Cr to the company. The demand order has been received with respect to short payment of output tax with interest and penalty.
• Meesho To Buy Kirana Club: The ecommerce major entered into an agreement to acquire B2B commerce startup Kirana Club in an all-cash deal worth ₹202.08 Cr. The acquisition, which is expected to be completed by March 2027, will help the company deepen its presence across the ecommerce value chain amid strong business momentum.
• Block Deals Galore: The week saw multiple block deals in new-age tech companies. While Fidelity raked in ₹988 Cr by selling Meesho’s shares, Lenskart’s early backer ADIA offloaded shares worth ₹1,960 Cr. Accel and IvyCap sold BlueStone shares worth ₹243 Cr.

Now, let’s take a look at the broader market. 

Markets Gain As US-Iran Deal Makes Headway

Indian equity markets ended the week on a strong note, with benchmark indices gaining despite geopolitical uncertainties. While Sensex gained 1.7% to end at 75,527.95, Nifty 50 closed 1.1% higher at 23,622.90. 

As has been the case for the past few months, developments pertaining to the US-Iran war drove market sentiment this week. Despite the uncertainty, markets rejoiced after both the countries indicated potential progress in talks between them. 

Meanwhile, the steps announced by the RBI to strengthen the Indian rupee provided further comfort to investors. The RBI introduced forex swap facilities for eligible external commercial borrowings (ECBs) and fresh FCNR(B) deposits, providing an additional boost to liquidity and foreign currency inflows.

Besides, the central bank operationalised a US Dollar-Rupee swap facility for eligible ECBs raised by public sector undertakings and overseas borrowings by authorised dealer banks. Available for borrowings with a minimum maturity of three years, the facility is priced at a fixed rate of 1.5% per annum.

According to Geojit Investments’ chief investment strategist V K Vijayakumar, FII selling in India is showing signs of easing, helped by improving macroeconomic conditions. Expectations of a US-Iran peace deal also helped push Brent crude prices lower, turning sentiment positive in the Indian market. 

Despite all these, sustained FII inflows are unlikely until the global AI-driven investment cycle moderates.

Now, let’s take a look at the performance of Honasa and Lenskart this week.

Lenskart Faces Pressure Amid Multiple Exits

Shares of Lenskart remained under pressure this week as a number of early investors trimmed their holdings following the expiry of the company’s six-month IPO lock-in period on May 8. 

The latest exit came from ADIA, which sold shares worth ₹1,960 Cr this week. This came following SoftBank’s ₹2,873.3 Cr block deal on June 3 and JP Morgan’s ₹96.4 Cr sale on June 5.

Prior to this, investors such as Alpha Wave Ventures, BirdsEye Holdings and TR Capital offloaded shares worth over ₹3,861 Cr. 

Amid this, Lenskart’s shares ended the week 2.4% lower at ₹494.05. 

While early investors booked profits, the demand for the stock remained strong. Shares sold by early backers were lapped up by domestic mutual funds, pension funds and global investors.

Notably, shares of Lenskart have gained nearly 26% since the company’s IPO in November 2025, driven by strong operational performance. The company reported a 69% YoY jump in FY26 net profit to ₹500.9 Cr and a 33% rise in annual revenue to ₹8,814 Cr. 

Separately, Lenskart acquired the remaining 7.65% stake in its analytics subsidiary Quantduo Technologies (GeoIQ) in two tranches for a total consideration of ₹3.68 Cr. Following the latest purchase on Tuesday (June 9), Quantduo has become a wholly owned subsidiary of Lenskart. 

The company said the acquisition aligns with its strategy of consolidating ownership in businesses that complement its core operations. Quantduo reported a revenue of ₹10.02 Cr in FY26, up from ₹7.14 Cr in FY25.

Honasa Fails To Sustain Rally

Shares of Honasa Consumer gave up early gains this week despite hitting a fresh 52-week high after the company unveiled an ambitious five-year roadmap. The Mamaearth parent outlined plans to more than double its revenue to ₹5,500 Cr by FY31, scale multiple brands beyond the ₹500 Cr mark, and expand EBITDA margins to over 15%.

Investors initially cheered the long-term targets, which include growing flagship brands Mamaearth and The Derma Co to a combined ₹3,750 Cr revenue and expanding into new categories such as nutraceuticals, fragrances and oral care. 

Following the announcement on Wednesday (June 10), the stock hit a fresh 52-week high of ₹437.90 on Thursday (June 11). However, it saw profit booking yesterday, leading to the shares ending the week 0.6% lower at ₹413.40. 

In its disclosures, Honasa laid out plans to significantly deepen its offline presence and increase its direct retail reach to over 3 Lakh stores from 1.2 Lakh outlets.

Notably, Honasa’s revenue rose 16% YoY to ₹2,391.9 Cr in FY26 and net profit surged 175% to ₹200.2 Cr. 

Edited by Vinaykumar Rai

The post New-Age Tech Stocks: EaseMyTrip, SEDEMAC Lead Weekly Gains; Yudiz, ideaForge Slip appeared first on Inc42 Media.