India's New-Age Tech Stocks: Are Zomato, Nykaa, and Paytm Finally On A Path To Profitability?

This report analyses the financial health and future outlook for India's new-age technology companies, including Zomato, Swiggy, Paytm, Nykaa, and Mamaearth. The discussion assesses whether these firms are successfully transitioning from a cash-burning phase to a period of sustained profitability, driven by margin improvement and growth. A key focus is the expansion of quick commerce models, like Zomato's Blinkit and Swiggy's Instamart, into Tier-2 and Tier-3 cities, and the rising market share of online beauty and fashion retailers. An analyst notes, 'people will argue that the valuations are a little high but according to me all of them have a good growth going ahead'. This reflects cautious optimism about the sector's long-term potential despite high valuations.