Indian Tech IPOs: Market Cap & Revenue Tracker | Inc42
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Key Highlights
Inc42’s tracker monitors Indian listed new-age tech companies’ market cap, revenue, and stock performance. Get insights into India’s listed tech landscape.
Inc42 has been tracking the Indian tech startup ecosystem, observing its evolution and the increasing trend of startups considering public listings. Achieving a public listing has long symbolized operational progress and long-term viability for Indian companies.
Nearly 15 startups, including Zepto, Shiprocket, and OYO, are in various stages of their journey. Over 60 Indian new-age tech companies have already been listed on the stock exchanges, including companies like MakeMyTrip, Zoomcar, and Freshworks, which are listed on Nasdaq in the US.
India’s startup IPO wave peaked in 2025, surpassing the previous year’s momentum with 18 companies debuting on the market, including Meesho, Ather Energy, and Urban Company. Five new-age companies, Aye Finance, Fractal Analytics, Amagi, Shadowfax and SEDEMAC, have already made their public market debut in 2026.
The total market capitalization of listed companies currently stands at over $131 Bn.
Inc42 has launched the Indian Listed New-Age Tech Company Tracker to consolidate information about listed startups. The tracker provides information on stock movements and financial performance.
Indian startups had gained a reputation for being “loss making” by prioritizing growth and market share over immediate profitability. Startups started pushing for profitability, with the ambition to list on the exchanges.
Data indicates that approximately 64% of listed new-age tech companies are currently profitable. Info Edge posted a net profit of INR 962 Cr in FY25, followed by Justdial and IndiaMART.
Inc42 data reflects that the median time taken for a startup to get listed on the bourses is 11 years. New-age tech companies generally turn profitable right before their public market debuts. For instance, Lenskart reported a net profit of around INR 297 Cr. Urban Company also reported its first consolidated net profit of approximately INR 240 Cr for FY25.
The startup sectors producing the most listed companies are proportional to the private funding trends in the Indian startup ecosystem. Fintech, ecommerce, and enterprise tech house the highest number of listed startups, with 11 each.
Delhi NCR accounts for the most listed new-age tech companies. The Delhi NCR region is home to 25 listed new-age tech companies, ahead of Bengaluru’s eleven and Mumbai’s eight.
Delhi NCR contributes $75.5 Bn in the cumulative $133 Bn market cap of new-age tech companies.