Zepto expected to join India’s emerging startup IPO pipeline

Zepto is expected to feature alongside PhonePe and OYO in a potentially active year for Indian startup listings, signalling growing public-market readiness among major consumer platforms.

— Filed Thu, 23 Jul, 2026, 00:49 IST · Source Inc42 · Quick Commerce · Updated

Zepto, PhonePe and OYO are expected to feature in what is described as India’s biggest startup IPO year, signalling a potentially active listing pipeline for major consumer-facing platforms.

Why this matters

The IPO expectation follows signals that Zepto plans 1,904 dark stores and has joined the 2026 IPO watchlist with PhonePe and OYO, pairing rapid operating expansion with signs of public-market readiness.

Retail-company signals are accelerating, up 1,015,800% QoQ.