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More than 20 Indian startups line up 2026 IPOs as funding tightens
With late-stage funding shrinking, over 20 Indian startups like PhonePe, Zepto and boAt are positioning for 2026 IPOs to tap public markets and unlock value.
India’s startup ecosystem is gearing up for a busy 2026 IPO calendar as over 20 new-age companies prepare to list amid a slowdown in late stage private funding. Recognisable names including PhonePe, Flipkart, Zepto, boAt, Shiprocket, Infra. Market, Of Business and Shadowfax are among firms exploring public offerings, spanning fintech, ecommerce, logistics, consumer brands and B2B marketplaces. The surge in IPO preparations reflects constrained late stage funding, which declined nearly 8% in 2025, prompting mature startups to seek liquidity and valuation discovery through public markets rather than private capital.