Zepto joins OYO and PhonePe on India’s 2025 IPO watchlist

Inc42 identifies quick-commerce platform Zepto among the startups to watch for potential public-market listings in India, alongside OYO and PhonePe.

— Filed Fri, 24 Jul, 2026, 15:19 IST · Source Inc42 · Quick Commerce · Updated

India is positioned for a major startup IPO year, with quick-commerce platform Zepto, hospitality company OYO and payments firm PhonePe identified as key companies to watch for public-market listings.

Why this matters

The 2025 watchlist follows Inc42 naming Zepto among startups eyeing an IPO-heavy year and among candidates shaping India’s expected 2026 IPO wave.

retail-company signals are accelerating (+1085000% QoQ).