Indian tech start-ups fast-track IPOs; consumer brands Nykaa, Mamaearth, Lenskart lead the charge
The average time from first funding to public listing has compressed to eight years, down from 14.5 years in H1 2025. New-age consumer names like Nykaa, Mamaearth and Lenskart reached bourses in seven to nine years, propelled by attractive valuations and mounting PE exit pressure. Some 13 tech start-ups are queued for H1 2026 debuts.
Indian tech start-ups are listing faster, now averaging eight years from first funding to IPO. New-age consumer brands like Nykaa, Mamaearth and Lenskart reached bourses in seven to nine years, driven by attractive valuations and PE exit pressure.
Why this matters
Nykaa's public-market prominence continues to grow as it expands operationally, recently taking over Kiehl's India operations in an expanded L'Oreal partnership, reinforcing its position among fast-listing consumer brands.
Retail-company signals accelerating, up 514200% QoQ.