OYO, PhonePe and Zepto could lead India’s biggest startup IPO year

OYO, PhonePe and quick-commerce platform Zepto are expected to anchor a potentially record year for Indian startup listings, signalling rising public-market appetite for scaled consumer-tech businesses.

— Filed Thu, 23 Jul, 2026, 08:03 IST · Source Inc42 · Quick Commerce · Updated

OYO, PhonePe and quick-commerce platform Zepto are expected to drive what could become India’s biggest year for startup initial public offerings.

Why this matters

With no related recent OYO signals provided, the IPO outlook is a fresh indicator of public-market interest in scaled consumer-tech businesses.

Retail-company signals are accelerating, up 1,023,500% QoQ.