India's 2026 IPO Pipeline Stacks Up: Zepto, PhonePe, OYO, boAt Lead Retail-Heavy Listing Wave

After ₹41,248 Cr raised across 18 startup listings in 2025, 24 DRHPs are queued for 2026-27. Retail-relevant names dominate: Zepto (₹11,682 Cr), PhonePe (up to ₹13,400 Cr), OYO (₹6,650 Cr), OfBusiness, Infra.Market, Cult.fit, boAt, Curefoods and Rebel Foods. Flipkart pushed to 2028.

After ₹41,248 Cr raised across 18 startup listings in 2025, 24 DRHPs are queued for 2026-27. Retail-relevant names dominate: Zepto (₹11,682 Cr), PhonePe (up to

Inc42 · Buzz · 5/17/2026, 5:25:05 PM · Ask about this →

Indian Startup IPO Tracker + Flipkart + Oyo + PhonePe + Shadowfax + Shiprocket + Zepto +