OYO, PhonePe and Zepto spotlight India’s emerging startup IPO pipeline

Inc42 flags a potentially landmark year for Indian startup listings, with hospitality platform OYO, payments firm PhonePe and quick-commerce player Zepto among companies expected to test public-market appetite.

— Filed Thu, 23 Jul, 2026, 09:01 IST · Source Inc42 · Quick Commerce · Updated

Inc42 examines a potentially landmark year for Indian startup IPOs, highlighting prospective public-market moves by hospitality platform OYO, payments company PhonePe and quick-commerce operator Zepto.

Why this matters

No prior related signals are provided. The signal positions OYO alongside PhonePe and Zepto as Indian consumer-facing startups that may test public-market demand.

Retail-company signals are accelerating, up 1,024,700% QoQ.