OYO, PhonePe and Zepto emerge as names to watch in India’s startup IPO wave

Inc42 identifies hospitality platform OYO, payments firm PhonePe and quick-commerce operator Zepto among startups that could shape India’s next major IPO cycle.

— Filed Thu, 23 Jul, 2026, 15:31 IST · Source Inc42 · Quick Commerce · Updated

India is expected to see a major startup IPO wave, with hospitality platform OYO, payments firm PhonePe and quick-commerce operator Zepto among the companies highlighted as potential listings.

Why this matters

No related recent signals are provided. This signal places OYO among Inc42’s startups to watch as India’s next major IPO cycle develops.

Retail-company signals are accelerating, up 1,041,400% QoQ.