Zepto joins OYO and PhonePe in India’s anticipated startup IPO wave

Inc42 identifies Zepto, alongside OYO and PhonePe, as a likely headline name in what could be India’s biggest startup IPO year—putting quick commerce in focus for public-market investors.

— Filed Fri, 24 Jul, 2026, 10:03 IST · Source Inc42 · Quick Commerce · Updated

Zepto, alongside OYO and PhonePe, is set to headline what is described as India’s biggest startup IPO year, signalling a potential public-market milestone for the quick-commerce sector.

Why this matters

The IPO watchlist follows Zepto’s recent ₹1,629 crore dark-store expansion plan and its inclusion in outlooks for a potentially major year of Indian startup IPOs.

Retail-company signals are accelerating, up +1,069,400% quarter over quarter.