India, already an IPO bright spot, prepares for bigger surge in 2025

India has bucked the global trend in initial public offerings (IPOs) this year, establishing itself as a rare bright spot for tech listings while other major markets face continued headwinds. The world’s most populous nation is now preparing for an even more substantial wave of startup IPOs in 2025.

More than 20 startups are preparing to list next year, according to multiple sources familiar with the plans. These include business-to-business marketplaces Inframarket and Zetwerk, farm-to-produce venture CaptainFresh, professional services marketplace UrbanCompany, jewelry retailer Bluestone, security firm OneAssist, and offline-to-online retailer Magicpin.