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

Quick-commerce platform Zepto is expected to pursue an IPO alongside OYO and PhonePe, signalling a potentially active period for Indian startup listings.

— Filed Fri, 24 Jul, 2026, 02:19 IST · Source Inc42 · Quick Commerce · Updated

OYO, PhonePe and quick-commerce platform Zepto are expected to pursue IPOs, positioning the period as a potentially record year for Indian startup listings.

Why this matters

The expected IPO follows Zepto’s ₹1,629 crore dark-store expansion commitment as Blinkit leads quick commerce, and aligns with recent signals placing Zepto, PhonePe and OYO in India’s startup IPO cycle.

Retail-company signals are accelerating, up 1,060,800% QoQ.