More Indian startups line up for public markets

At least 20 Indian startups have advanced IPO preparations in early 2025, Inc42 data showed, as founders seek liquidity amid stabilising valuations. Companies spanning fintech, SaaS, and consumer internet are evaluating listings after  the venture funding slowed. Market advisors said stronger emphasis on profitability, governance discipline, and clearer regulatory frameworks is shaping a more cautious, better structured IPO pipeline for domestic startups