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

Inc42 identifies quick-commerce platform Zepto, payments firm PhonePe and hospitality brand OYO as prospective candidates in what could be a significant year for Indian startup listings.

— Filed Wed, 22 Jul, 2026, 17:16 IST · Source Inc42 · Quick Commerce · Updated

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

Why this matters

Zepto’s inclusion follows recent signals naming it among startups to watch in India’s potential 2026 IPO wave and alongside OYO and PhonePe in a big startup IPO-year outlook.

Retail-company signals are accelerating, up 1,005,100% QoQ.