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Indian startups prepare for ₹50,000 crore IPO wave in 2026

Indian startups are lining up major IPOs in 2026 as profitability and investor readiness improve across sectors.
India’s new age startups are preparing for a potential ₹50,000 crore IPO pipeline in 2026 as profitability improves post FY24. PhonePe is expected to target a public issue valued between ₹13,000–14,000 crore, while quick-commerce firm Zepto may seek around ₹11,000 crore. Founders are prioritising cash flow discipline and operational efficiency ahead of market listings.