Business • Jun 28, 2025

IPO watch: Indian startups gearing up for market debut

A wave of Indian startups is getting ready to go public, with some familiar names from fintech and consumer brands leading the charge.
Wakefit (yep, the mattress folks), Pine Labs, Groww, and Urban Company are all lining up for their big market debut.

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Other notable companies in the startup IPO race

Meesho wants to raise ₹4,250 crore through its IPO.
Lenskart is aiming for a $1 billion listing at a $10 billion valuation.
Shadowfax (logistics) and Zetwerk (manufacturing) are also prepping for public listings.
And PhonePe—one of India's biggest digital payment players—is planning a $1.5 billion IPO with hopes of hitting a $15 billion valuation.