OYO, PhonePe and Zepto join India’s startup IPO watchlist for 2025

Inc42 flags a potentially record-setting year for Indian startup listings, with hospitality platform OYO, fintech major PhonePe and quick-commerce player Zepto among companies expected to explore public-market debuts.

— Filed Wed, 22 Jul, 2026, 23:32 IST · Source Inc42 · Quick Commerce · Updated

Inc42 examines a potentially record-setting year for Indian startup IPOs, highlighting OYO, PhonePe and quick-commerce platform Zepto among companies expected to pursue public listings.

Why this matters

No related recent signals were provided. The 2025 IPO watchlist places OYO alongside PhonePe and Zepto as Indian startups expected to explore public-market debuts.

Retail-company signals are accelerating, up +1015000% QoQ.