Zepto, Shiprocket, BoAT IPOs stall as new-age tech fundraise slows in 2026
Only ₹19,854 cr raised via 20 IPOs in 2026 vs ₹1.75 lakh cr from 103 IPOs in 2025, with just ₹7,456 cr from new-age tech firms. Zepto (₹11,000 cr), Shiprocket (₹2,400 cr), BoAT (₹1,500 cr), Snapdeal (₹300 cr), PhonePe and Rentomojo await better windows amid valuation reset and FII outflows.
What happened
India's new-age tech IPO market has slowed in 2026 amid valuation reset and FII outflows. Retail-relevant pipeline includes Zepto (₹11,000 cr), Shiprocket,
Key facts
- ₹19,854 crore raised via 20 IPOs in 2026
- ₹7,456 crore from 4 NATCs
- ₹1.75 lakh crore via 103 IPOs in 2025
- Zepto IPO ₹11,000 crore
- Shiprocket ₹2,400 crore
- BoAT ₹1,500 crore
- Snapdeal ₹300 crore
- Infra Market ₹5,000 crore
- pipeline $35-40 billion across 150-200 cos
Why this matters
Strategic acquirers have a rare window to consolidate quick-commerce, D2C and logistics targets at reset valuations as IPO-blocked founders become open to M&A conversations they'd refused in 2024-25.