In 2025, some of India's biggest tech names are going through a rough patch. Ola, Paytm, Swiggy, and other highly valued startups have experienced significant drops in their valuations some by as much as 50%. These companies, which once symbolized India’s digital growth and startup boom, are now grappling with deepening losses and weakening investor confidence.

Despite years of aggressive expansion, many of these platforms are yet to turn profitable. Ola is facing operational challenges and stronger competition, while Paytm continues to struggle even after its public listing. Swiggy is witnessing rising costs and subdued demand, forcing a reevaluation of its business model. The shift in investor sentiment is clear, growth at all costs is no longer acceptable. Investors now demand a clear path to profitability, better unit economics, and controlled cash burn.

As global interest rates rise and funding tightens, startups are feeling the pressure to cut costs, streamline operations, and deliver results. The question remains: Will these companies survive this correction and bounce back stronger, or will they continue to erode investor wealth?