OYO, PhonePe and Zepto spotlight India’s potential startup IPO wave

OYO, PhonePe and quick-commerce platform Zepto are among consumer-facing startups expected to shape a potentially record year for Indian startup listings, signalling stronger public-market activity across travel, payments and rapid delivery.

— Filed Fri, 24 Jul, 2026, 07:19 IST · Source Inc42 · Quick Commerce · Updated

OYO, PhonePe and quick-commerce platform Zepto are highlighted as part of what could be India’s biggest startup IPO year, signalling major public-market activity across consumer-facing technology businesses.

Why this matters

No prior OYO signals are provided, making the expected IPO wave a fresh indicator of potential public-market momentum across Indian consumer startups.

Retail-company signals are accelerating, up 1,064,500% QoQ.