The Indian startup ecosystem is gearing up for an exciting year ahead, with numerous well-funded companies planning their public market debuts in 2025. From e-commerce giants to innovative EV manufacturers, here’s a comprehensive look at the most anticipated Startup IPOs in 2025.
Notable Indian startups like Firstcry, Ola Electric, and Swiggy are the startups listed on IPO 2024 in India, raising significant capital from public markets through oversubscribed offerings.
2024 was a massive year for India’s startup and corporate ecosystem. The IPO boom changed the financial space with equity fundraising crossing ₹3 lakh crore, a 64% increase from the previous record.
From industry giants to new-age startups, India Inc. made headlines. But 2025 holds even greater potential because:
- India, the third-largest startup ecosystem globally, is preparing for landmark listings, showing innovation and commitment across sectors.
- A favorable macroeconomic environment and an equity market are driving heightened interest from institutional and retail investors alike.
List of the Upcoming Startup IPOs in 2025
| Company Name | Founding Year | Sector | Total Funding |
| ArisInfra | 2021 | Co-Working | $25 MN |
| Ather | 2013 | Electric Vehicle (EV) | $431 MN |
| Avanse | 2013 | Fintech | $212 MN |
| Bluestone | 2011 | E-Commerce | $200 MN |
| boat | 2016 | E-Commerce | $177 MN |
| Captain Fresh | 2019 | E-Commerce | $166 MN |
| CarDekho | 2008 | E-Commerce | $692 MN |
| DevX | 2017 | Real Estate | $13.3 MN |
| Ecom Express | 2012 | Logistics | $324 MN |
| Fractal Analytics | 2000 | SaaS | $685 MN |
| Infra.Market | 2016 | B2B Construction | $500 MN |
| Indiqube | 2015 | Real Estate Tech | $45 MN |
| Innoviti | 2002 | Fintech | $87 MN |
| OfBusiness | 2015 | E-Commerce | $878 MN |
| Ola Consumer | 2011 | Consumer Services | $3.84 BN |
| Pure EV | 2015 | Electric Vehicle (EV) | $14 MN |
| Physics Wallah | 2020 | EdTech | $312 MN |
| ULLU | 2018 | Consumer Internet | NA |
| Smartworks | 2016 | Co-Working | $41 MN |
| Rebel Foods | 2011 | FoodTech | $563 MN |
| Zappfresh | 2015 | E-Commerce | $14.5 MN |
| Zepto | 2021 | Consumer Services | $1.60 BN |
| Zetwerk | 2018 | E-Commerce | $793 MN |
Table of Contents
E-commerce Dominance
The e-commerce sector leads the pack with seven companies preparing for upcoming startup IPOs in 2025. Notable players include Zetwerk ($793M in funding), OfBusiness ($878M), and CarDekho ($692M). These platforms have revolutionized various aspects of online retail, from B2B commerce to automotive sales.
Rising Electric Vehicle Sector
The electric vehicle sector shows promise with Ather Energy ($431M in funding) and Pure EV ($14M) planning their upcoming startup IPOs in 2025. This reflects India’s growing focus on sustainable transportation solutions and the increasing demand for electric vehicles.
Diverse Tech Sectors
Several technology-focused companies across various sectors are also joining the list upcoming startup IPOs in 2025:
- Fractal ($685M) represents the SAAS sector
- Physics Wallah ($312M) leads in edtech
- Infra.Market ($500M) serves the B2B construction space
- Ecom Express ($324M) specializes in logistics
Consumer Services and Fintech
The consumer services sector features prominent names like Ola Consumer ($3.84B) and Zepto ($1.60B), while fintech is represented by established players such as Avanse ($212M) and Innoviti ($87M).
Emerging Sectors
The list also includes companies from emerging sectors:
- ArisInfra and Smartworks in co-working spaces
- Rebel Foods ($563M) in foodtech
- YLLU in consumer internet (funding undisclosed)
Investment Highlights
Total funding raised by these companies ranges from $13.3M to $3.84B, indicating strong investor confidence in Indian startups across sectors. The diversity of sectors represented suggests a maturing startup ecosystem ready for Upcoming Startup IPOs in 2025 scrutiny.
Conclusion
Beyond the numbers, 2025 is where bold ideas meet execution. This is a moment to watch for those building, investing, or simply observing. The opportunities are massive, the stakes are high and the growth potential is limitless.
2025 promises to be a landmark year for Indian startups going public, potentially reshaping the country’s stock market landscape and offering investors new opportunities across diverse sectors. These IPOs could set the stage for future startup listings and further strengthen India’s position in the global startup ecosystem.
FAQs – Upcoming Indian Startup IPOs in 2025
Which is the biggest startup by funding going public in 2025?
Ola Consumer leads the pack with $3.84 billion in total funding, followed by Zepto at $1.60 billion.
What are the newest companies planning IPOs?
ArisInfra and Zepto, both founded in 2021, are the newest companies planning to go public.
What’s the average age of companies going public?
Most companies in the list were founded between 2011-2018, making them approximately 7-14 years old by their planned IPO date in 2025.
