The startup IPO scene in India is gearing up for a blockbuster year in 2025. At least 25 companies are preparing to go public and this is shaping up to be a record-breaking period for the ecosystem. A total of 13 startups raised more than ₹29,000 crore through IPOs in 2024. Some of the names to take note here are Swiggy, Ola Electric and FirstCry. The new year promises more action equipped with major players like Pine Labs, Zetwerk, Infra.market and PhysicsWallah.
The important aspect of it is the diversity of companies which are heading for the markets. These are like from fintech giants PayU and Aye Finance to logistics firms such as Shadowfax and Ecom Express. The lineup is a step towards growing maturity of the Indian startup ecosystem. Consumer brands like Bluestone and BoAt are also expected to capitalize on the same momentum even though they have already made their mark in the market. If all the IPOs go as planned, it could set a new benchmark for the way startups raise capital in India.
Optimism around the listings is not just about numbers as industry experts believe that it could be a turning point for startups. More venture-backed companies are becoming publicly traded and the ecosystem is set to gain credibility as well as attract more investors. However, not all startups are on equal footing. Companies equipped with strong financials, clear profitability and disciplined governance are supposed to win over public market investors. Firms with inconsistent growth or mounting losses may also find it tough to justify their valuations.
