Zepto joins OYO and PhonePe in India’s startup IPO pipeline

Inc42 flags quick-commerce platform Zepto alongside OYO and PhonePe as companies that could shape India’s startup IPO market this year. No listing timeline, valuation or offer details were disclosed.

— Filed Thu, 23 Jul, 2026, 03:31 IST · Source Inc42 · Quick Commerce · Updated

Inc42 examines a potentially landmark year for Indian startup IPOs, highlighting OYO, PhonePe and quick-commerce platform Zepto among companies expected to shape the public-listing pipeline.

Why this matters

Zepto’s IPO-pipeline mention follows a prior signal that it was expected to join India’s startup IPO market and its plan for 1,904 dark stores amid intensifying competition from Blinkit and Instamart.

Retail-company signals are accelerating, up 1,017,400% QoQ.