Zepto emerges in India’s closely watched startup IPO pipeline

Inc42 flags Zepto alongside OYO and PhonePe as part of a potentially record-setting year for Indian startup listings, underscoring growing public-market interest in consumer-facing digital businesses.

— Filed Wed, 22 Jul, 2026, 11:46 IST · Source Inc42 · Quick Commerce · Updated

Zepto, alongside OYO and PhonePe, is positioned for a potentially record-setting year for Indian startup IPOs, highlighting major capital-market activity among consumer-facing and digital commerce businesses.

Why this matters

The IPO watchlist follows signals that Zepto entered India’s startup IPO spotlight and plans 1,904 dark stores through FY30, pairing potential public-market readiness with continued quick-commerce expansion.

Retail-company signals are accelerating, up 988,200% QoQ.