60+ listed Indian new-age tech firms hit $141 Bn m-cap; 18 IPOs in 2025, Zepto-OYO queued
Inc42's tracker shows retail-heavy cohort driving the listed new-age tech basket: Eternal (₹20,243 Cr) and Swiggy (₹15,227 Cr) lead FY25 sales, while Lenskart (₹297 Cr PAT) and Urban Company (₹240 Cr PAT) flag profitability. ~15 startups including Zepto, Shiprocket and OYO are in the IPO pipeline for FY26.
Inc42 tracker covers 60+ listed Indian new-age tech firms worth $141 Bn, including retail-relevant names Lenskart, Nykaa, Meesho, Swiggy, Eternal, Urban Company, FirstCry, Honasa and Bluestone, with 18 IPOs in 2025 and Zepto, Shiprocket, OYO queued.
Why this matters
The tracker update consolidates a banner listing year for Indian new-age tech, with retail-heavy names like Eternal, Swiggy, Lenskart and Urban Company anchoring revenue and profit leadership ahead of a dense FY26 IPO pipeline.
Retail-company theme steady at 438 signals in the last 90 days.