India’s startup world is showing strong confidence in raising money from the stock market. At least 12 tech startups have filed plans this year to raise more than ₹18,000 crore (about $2.2 billion) by selling new shares to the public.
This shows that more startups — even mid-sized and smaller ones — now prefer listing on Indian stock markets rather than going overseas.
Big Names Going Public:
- Meesho (an e-commerce company) plans the biggest IPO, aiming to raise ₹4,250 crore.
- PhysicsWallah (an edtech company) is close behind, planning to raise ₹4,000 crore.
- Pine Labs (fintech) targets ₹2,600 crore.
- Groww (investment platform) is aiming for ₹1,735 crore.
- Other startups like Boat, Wakefit, Capillary Technologies, and Urban Company are also planning IPOs, each aiming for less than ₹1,000 crore.
Note: These numbers are for new shares only. Additional shares sold by existing shareholders (offer-for-sale) will make the IPO sizes even larger.
According to analysts, India is now the third largest IPO hub for internet companies after the US and China. Many companies that were earlier based abroad are now shifting back to India to get better valuations.
Read more: Meesho Gears Up for ₹4,250 Cr IPO — India’s E-Commerce Game Changer Is Going Public!
Six companies — including Groww, PhysicsWallah, Meesho, Shiprocket, Shadowfax, and Boat — have chosen a confidential filing route. This allows them to keep their financial details private until they are ready to go public.
Why Startups Want to Go Public:
- Some want money to grow and expand.
- Others want to repay loans or use the funds for daily business operations.
For example:
- Urban Company made a profit of ₹240 crore in FY25 after a loss of ₹93 crore the previous year.
- Groww saw its profit more than triple to ₹1,819 crore, with revenue of ₹4,056 crore.
- Shadowfax also became profitable and reduced its losses.
According to experts, these startups are now mature. They are either profitable, leaders in their sector, or show strong potential for growth. Investors are more cautious about loss-making companies but are open to funding those with clear plans to make money.
Also Read: Indogulf Cropsciences Makes Flat Debut, Slips 1.35% Below IPO Price on BSE
This trend is different from the big IPO wave in 2021–22, when companies like Zomato, Paytm, Delhivery, PB Fintech, and Nykaa raised over ₹25,000 crore.
In recent times, smaller IPOs have been more common — like Ixigo, Awfis, Blackbuck, and Honasa Consumer, all raising less than ₹1,000 crore.
Despite earlier worries due to market ups and downs and global policies like US tariffs, startups are now hopeful that market conditions will stay strong and allow them to raise funds at good valuations.
