1 month ago
Fintech IPO Wave, Zepto Listing Delay, AI Startups Rise
A bunch of Indian tech companies are trying to go public.
Some, like PhonePe and Zepto, want to sell shares to raise money.
Zepto is thinking about delaying its sale because investors want a lower price.
The new companies are more careful, focusing on making money and having strong finances.
Other tech firms, like BharatGen and Freehand, are raising money to grow their AI tools.
A company called Rovia helps people who earn stock options in U.S. tech firms manage and grow that money.
All of these moves show how India’s tech scene is growing and changing.
Five fintech startups (Fibe, Moneyview, Navi, KreditBee, PhonePe) are preparing for IPOs, with varying timelines and regulatory approvals.
Zepto, a quick‑commerce firm, is considering delaying its IPO after investors demand a lower valuation (~₹2.5‑3 bn vs earlier ₹7 bn estimate).
The new IPO cohort focuses on profitability, diversified revenue, and stronger balance sheets, shifting valuation metrics from GMV to earnings quality.
AI and logistics startups (BharatGen, Freehand, BlackBuck) are raising capital and expanding services, while fintechs like Kissht report growing profits and customer bases.
Rovia, a cross‑border wealth‑tech platform, targets employees with US‑listed tech equity, offering regulated advisory and FX handling.
- Who
- Indian fintech and AI companies such as Fibe, Moneyview, Navi, KreditBee, PhonePe, Zepto, BharatGen, Kissht, Freehand, BlackBuck, Rovia, and Zerodha
- What
- They are preparing for IPOs, raising capital, expanding services, and facing valuation challenges
- Where
- India, on Indian stock exchanges
- When
- 2026‑2027, with IPO plans in 2027 and current valuation discussions in 2026
- Why
- Investors demand profitability and lower valuations, while companies seek capital for growth
Key facts
- IPO candidates
- Fibe, Moneyview, Navi, KreditBee, PhonePe
- Zepto valuation range
- ₹2.5‑3 bn
- Zepto FY26 loss
- ₹5,095 Cr
- Kissht Q1 FY27 net profit
- ₹95.1 Cr
- BlackBuck Q1 FY27 net profit
- ₹42.2 Cr
- Rovia AUM
- $60 Mn
- BharatGen funding
- ₹718 Cr
Sources
Related news
Navi mulls Rs 3,000 crore IPO at $2 billion valuation
India's FY26 IPO Fundraising Surges, Listing Gains Slip to 7%
India IPO Market Maturing as Investors Seek Fair Valuations
SEBI Clears Jio Platforms IPO, India’s Biggest Listing In Sight
SEBI Clears Jio Platforms IPO, Setting Up India’s Largest Listing
Social Media Companies Intensify Efforts to Identify Child Users
Yorkville America Expands Beyond Trump-Linked ETFs With AI Strategy
Meta’s $18-Billion Child Safety Settlement Faces Praise and Criticism
School Awards Honour Courage, Commitment and Educational Excellence
AI Expansion Puts Jamnagar and Thane Under Water Stress
