https://techcrunch.com/2022/07/24/zomato-drops-14-to-record-low-as-lock-in-period-ends/

Shares of Indian food delivery firm Zomato dropped as much as 14.3% on Monday to a record low after the end of the lock-in period for investors who had stakes in the company prior to the initial public offering.

The stock dropped to as low as 46.15 rupees ashare, giving the company a market cap of $4.5 billion, far below the $13.2 billion valuation it accrued on its debut day a year ago.