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

Inc42 highlights Zepto as part of a potential wave of Indian startup listings, alongside PhonePe and OYO, signalling growing public-market interest in scaled consumer-tech businesses.

— Filed Thu, 23 Jul, 2026, 00:34 IST · Source Inc42 · Quick Commerce · Updated

Inc42 examines a potentially major year for Indian startup IPOs, highlighting prospective public-market plans involving quick-commerce platform Zepto, payments firm PhonePe and hospitality company OYO.

Why this matters

Zepto’s IPO positioning follows its plan for 1,904 dark stores as competition with Blinkit and Instamart intensifies, and echoes recent 2026 IPO-watchlist coverage alongside PhonePe and OYO.

retail-company is accelerating at +1015700% QoQ.