Zepto enters India’s startup IPO watchlist alongside OYO and PhonePe

India’s expected startup IPO pipeline could include quick-commerce player Zepto, alongside OYO and PhonePe, signalling potential public-market fundraising and liquidity opportunities for major consumer-facing businesses.

— Filed Wed, 22 Jul, 2026, 11:31 IST · Source Inc42 · Quick Commerce · Updated

India’s startup IPO cycle is expected to feature OYO, PhonePe and quick-commerce platform Zepto, highlighting potential public-market fundraising and liquidity events for major consumer-facing businesses.

Why this matters

The IPO watchlist follows Zepto’s plan for 1,904 dark stores through FY30 and its appearance in reporting on India’s expected 2026 startup IPO wave, linking expansion ambitions with potential public-market funding.

Retail-company signals are accelerating, up +987300% QoQ.