OYO, PhonePe and Zepto point to a major 2026 startup IPO pipeline in India

Inc42’s 2026 outlook identifies OYO, PhonePe and Zepto among consumer-facing Indian startups that could shape what it calls the country’s biggest startup IPO year, signalling heightened public-market activity across hospitality, payments and quick commerce.

— Filed Thu, 23 Jul, 2026, 11:16 IST · Source Inc42 · Quick Commerce · Updated

Inc42 highlights OYO, PhonePe and Zepto in an outlook on what it describes as India’s biggest startup IPO year, signalling potential public-market activity among consumer-facing and payments platforms.

Why this matters

With no related recent signals listed, the outlook places OYO alongside payments and quick-commerce peers in a potential surge of Indian startup public listings.

The retail-company theme is accelerating, up 1,029,300% QoQ.