Indian Listed New-Age Tech Company Tracker: Market Cap, Revenue & More

For years, we at Inc42 have tracked the Indian tech startup ecosystem and seen it grow from a kid to an adult. Among the clearest signs of evolution and maturity of this ecosystem is the growing number of startups eyeing a public listing now.

For Indian companies, achieving a public listing has for long symbolised operational progression, transparency, and long-term viability. For startups, it’s a relatively new but increasingly critical rite of passage, one that not only signals coming of age but also creates pathways for investor exits and wealth creation.

Currently, a handful of startups, including the likes of Razorpay, PRISM, PhonePe, among others, are in various stages of their IPO journey. Meanwhile, over 70 Indian new-age tech companies have already crossed the milestone and are now listed on the bourses.

The list also includes Indian companies like MakeMyTrip and Freshworks, which are listed on Nasdaq in the US.

India’s startup IPO wave reached its peak in 2025, surpassing the previous year’s momentum.

While 18 startups listed in 2025, 17 startups have already reached that milestone in 2026. With companies like Cult.fit, OYO, others, eyeing to tap the public markets this year, the list is only expected to grow further this year.

17 new-age companies — Tonbo Imaging, Zetwerk, AceVector, Moneyview, Rentomojo, ESDS, Purple Style Labs, Turtlemint, Klassroom, Shiprocket, LEAP India, Kissht, Aye Finance, Fractal Analytics, Amagi, Shadowfax and SEDEMAC — have made their public market debut in 2026.

As of now, the total market capitalisation of the listed companies stands at over $167 Bn.

To consolidate all the information about listed startups, Inc42 has launched the Indian Listed New-Age Tech Company Tracker. From the movement in the shares of the companies since their listing to the financial performance of these companies, the tracker is your one-stop resource to know everything you need about the listed tech companies.

Organisation Name Sector Listed On Listing Year Debut Market Cap (INR Cr/USD) Current Market Cap (INR Cr/USD) % Change Listing Price (INR/USD) Current Stock Price (INR/USD) % Change Sales (FY26/ 2026) (INR Cr/USD) YoY Change % Net Profit (FY26/2026) (INR Cr/USD) Column 1 Column 2 AceVector Limited Ecommerce NSE, BSE 2026 1,741 1,126 -35% 28 25 -12% 510 29% -46 Aequs Enteprise Services NSE, BSE 2025 9,168 15,425 68% 140 262 87% 1,230 33% -113 Amagi Media Labs Enterprise Tech NSE, BSE 2026 7,544 12,115 61% 318 570 79% 1,506 29% 72 Arisinfra Solutions Real Estate Tech NSE, BSE 2025 1,661 1,103 -34% 205 144 -30% 1,067 39% 60 Ather Energy Clean Tech NSE, BSE 2025 12,217 54,747 348% 328 1,470 348% 3,672 63% -517 Avenues AI Fintech NSE, BSE 2016 2,907 4,157 43% 9 138 1368% 8,116 103% 295 Awfis Real Estate Tech NSE, BSE 2024 3,101 1,584 -49% 435 242 -44% 1,493 24% 71 Aye Finance Fintech NSE, BSE 2026 3,154 3,264 3% 129 160 24% 1,815 24% 194 Blackbuck Logistics NSE, BSE 2024 5,032 9,904 97% 281 594 111% 652 53% 160 Bluestone Ecommerce NSE, BSE 2025 7,717 11,625 51% 510 778 53% 2,436 38% 13 Capillary Technologies Enterprise Tech NSE, BSE 2025 4,536 4,363 -4% 572 534 -7% 735 23% 52 CarTrade Ecommerce NSE, BSE 2021 7,598 13,807 82% 1,600 2,964 85% 779 21% 223 Delhivery Logistics NSE, BSE 2022 36,971 27,732 -25% 495 408 -18% 10,508 18% 153 Dev Accelerator Real Estate Tech NSE, BSE 2025 550 397 -28% 61 43 -30% 226 42% 9 Digit Insurance Fintech NSE, BSE 2024 26,376 25,127 -5% 286 286 0% 10,005 7% 544 Droneacharya Advanced Hardware & Technology BSE (SME) 2022 279 81 -71% 117 33 -72% 15 -58% 0 E2E Networks Enterprise Tech NSE 2018 111 11,630 10348% 14 711 4979% 246 50% -16 Easemytrip Travel Tech NSE, BSE 2021 2,408 2,219 -8% 7 6 -9% 536 -9% -39 ESDS Software Solution Ltd Enterprise Tech NSE, BSE 2026 8,748 14,437 65% 757 1,592 110% 472 31% 121 Eternal Foodtech NSE, BSE 2021 177,829 292,413 64% 196 325 66% 54,364 169% 366 FINO Payment Bank Fintech NSE, BSE 2021 4,530 1,046 -77% 544 133 -76% 248 27% 52 FirstCry Ecommerce NSE, BSE 2024 31,393 8,105 -74% 651 181 -72% 8,548 12% -140 Fractal Enterprise Tech NSE, BSE 2026 15,064 12,939 -14% 876 733 -16% 3,300 19% 287 Freshworks Enterprise Tech Nasdaq 2021 $12 Bn $4 Bn -67% 48 14 -71% $871 Mn 4% $180 Mn Fusion Klassroom Edutech Limited Edtech BSE (SME) 2016 153 156 2% 170 167 -2% 23 128% 8 Groww Fintech NSE, BSE 2025 69,144 112,741 63% 112 201 79% 4,645 19% 2,083 Honasa (Mamaearth) Ecommerce NSE, BSE 2023 10,731 14,078 31% 330 448 36% 2,392 16% 200 Ideaforge Advanced Hardware & Technology NSE, BSE 2023 5,615 3,214 -43% 1,300 731 -44% 226 40% -17 IndiaMart Ecommerce NSE, BSE 2019 3,478 9,459 172% 580 1,629 181% 1,569 13% 475 Indiqube Spaces Real Estate Tech NSE, BSE 2025 4,536 3,436 -24% 216 186 -14% 1,451 37% -106 Info Edge Consumer Services NSE, BSE 2006 1,412 76,886 5345% 22 1,235 5514% 3,285 15% 1,450 ixigo Travel Tech NSE, BSE 2024 5,390 6,468 20% 138 138 0% 1,228 34% 72 Justdial Consumer Services NSE, BSE 2013 4,999 6,460 29% 588 713 21% 1,214 6% 497 Kissht (Onemi Tech) Fintech NSE, BSE 2026 3,201 5,799 81% 190 355 87% 2,179 61% 281 Leap India Ltd Logistics NSE, BSE 2026 6,918 5,408 -22% 166 136 -18% 730 57% 62 Lenskart Ecommerce NSE, BSE 2025 68,240 108,466 59% 395 647 64% 8,814 32% 494 MakeMyTrip Travel Tech Nasdaq 2010 $902 Mn $3.9 Bn 332% 22 47 114% $1.04 Bn 7% $52 Mn MapmyIndia Enterprise Tech NSE, BSE 2021 8,475 4,496 -47% 1,557 920 -41% 474 2% 134 Matrimony Media & Entertainment NSE, BSE 2017 2,058 1,048 -49% 955 537 -44% 460 1% 34 Meesho Ecommerce NSE, BSE 2025 73,338 99,467 36% 163 227 40% 12,626 34% -1,358 Menhood (Macobs Tech) Ecommerce NSE (SME) 2024 Not Available 188 Not Available 96 194 102% 41 71% 3 Mobavenue AI Tech Enterprise Tech BSE 2026 899 1,962 118% 582 274 -53% 218 -% 29 Mobikwik Fintech NSE, BSE 2024 3,439 1,681 -51% 440 229 -48% 1,119 -4% -62 Moneyview Limited Fintech NSE, BSE 2026 9,789 9,130 55 60 9% 3,351 43% 243 Nazara Tech Media & Entertainment NSE, BSE 2021 9,215 16,431 78% 995 418 -58% 1,829 13% 96 Nykaa Ecommerce NSE, BSE 2021 96,167 91,501 -5% 336 345 3% 10,022 26% 199 Ola Electric Clean Tech NSE, BSE 2024 31,736 13,468 -58% 76 35 -54% 2,253 -50% -1,833 Paytm Fintech NSE, BSE 2021 124,467 103,415 -17% 1,950 1,694 -13% 8,437 22% 553 PB Fintech (Policybazaar) Fintech NSE, BSE 2021 52,666 46,905 -11% 1,150 1,070 -7% 6,794 37% 670 Physics Wallah Edtech NSE, BSE 2025 41,466 34,890 -16% 145 134 -8% 3,900 35% -22 Pine Labs Fintech NSE, BSE 2025 27,788 17,849 -36% 242 165 -32% 2,711 19% 113 Purple Style Labs Ecommerce NSE, BSE 2026 4,548 4,005 -12% 535 529 -1% 558 14% -285 Rategain Enterprise Tech NSE, BSE 2021 4,248 9,338 120% 360 827 130% 1,824 69% 194 Rentomojo Ecommerce NSE, BSE 2026 5,206 5,548 7% 482 581 21% 387 45% 104 Sedemac Mechatronics Advanced Hardware & Technology NSE, BSE 2026 6,779 13,701 102% 1,535 3,190 108% 1,058 61% 104 Shadowfax Logistics NSE, BSE 2026 6,353 16,034 152% 113 286 154% 4,080 65% 115 Shiprocket Logistics NSE, BSE 2026 9,531 8,647 -9% 131 127 -3% 2,024 24% -79 Smartworks Real Estate Tech NSE, BSE 2025 4,965 5,201 5% 436 469 8% 1,374 32% -63 Swiggy Foodtech NSE, BSE 2024 96,185 46,162 -52% 420 234 -44% 23,053 51% -4,154 TAC Infosec Enterprise Tech NSE (SME) 2024 Not Available 725 Not Available 290 388 34% 57 90% 26 TBO Tek Travel Tech NSE, BSE 2024 15,171 16,543 9% 1,426 1,628 14% 2,677 54% 244 Tracxn Enterprise Tech NSE, BSE 2022 905 334 -63% 85 32 -62% 84 -1% -8 Trust Fintech Fintech NSE (SME) 2024 341 58 -83% 143 25 -83% 31 -11% 8 Turtlemint Fintech NSE, BSE 2026 3,986 1,666 -58% 134 68 -49% 1,098 66% -184 Unicommerce Enterprise Tech NSE, BSE 2024 2,427 895 -63% 235 84 -64% 204 52% 20 Urban Company Consumer Services NSE, BSE 2025 23,298 19,684 -16% 162 154 -5% 1,556 36% -235 Veefin Solutions Enterprise Tech BSE (SME) 2023 187 572 206% 82 225 174% 345 339% 23 Wakefit Ecommerce NSE, BSE 2025 6,411 4,444 -31% 195 133 -32% 1,489 17% 189 WeWork India Real Estate Tech NSE, BSE 2025 8,712 9,056 4% 650 661 2% 2,432 25% 72 Yatra Travel Tech NSE, BSE 2023 2,001 1,203 -40% 128 96 -25% 1,007 27% 47 Yudiz Media & Entertainment NSE (SME) 2023 191 28 -85% 185 23 -88% 21 -20% -1 Zaggle Fintech NSE, BSE 2023 2,201 2,113 -4% 164 169 3% 1,908 46% 138 Zappfresh Ecommerce BSE (SME) 2025 Not Available 119 Not Available 120 53 -56% 221 69% 14 Zelio E Mobility Clean Tech BSE (SME) 2025 328 2,201 572% 155 1,126 627% 304 77% 28 Zetwerk Enteprise Services NSE, BSE 2026 27,474 23,431 -15% 159 138 -13% 15,913 40% -371

Read our methodology here. 

Inside The Dalal Street Startup Ride

Indian startups had gained a reputation for being “loss making” by prioritising growth at all costs and market share over immediate profitability. The trend of putting scale ahead of the bottom line was at its peak amid the funding boom of 2020-22. 

While prioritising growth is not wrong for startups, especially at early stages, the start of funding winter in 2022 gave a reality check to the Indian startup ecosystem. Subsequently, startups started pushing for profitability. Giving further wings to the aggressive profitability push was the ambition to list on the exchanges.

While new-age tech companies look to turn profitable before filing their draft IPO papers, those that cross the line manage to stay in the green, data shows. Over 60 of the new-age tech companies are currently profitable.

In terms of profits, Groww now leads the pack of new-age tech companies, posting a net profit of ₹2,083 Cr in FY26. Prominent internet companies Paytm and Eternal trail Groww in terms of profitability, raking in profits of ₹553 Cr and ₹366 Cr in FY26, respectively. 

It is pertinent to mention that these companies have been listed on the bourses for years now, with Info Edge making its public market debut in 2006. While these companies trace their origin back to the 90s, a large majority of the new-age tech stocks under Inc42’s purview are about a decade old. 

From a broad perspective, Inc42 data reflects that the median time taken for a startup to get listed on the bourses is 11 years. While listing for 18-year-old ixigo and 19-year-old Fino Payments Bank came relatively much later, ArisInfra’s IPO materialised within four years of its operations.  

Meanwhile, the new-age tech companies that have made their public market debuts this year generally turned profitable right before their public market debuts. For instance, eyewear major Lenskart reported a net profit of around ₹297 Cr , a significant turnaround from a ₹10 Cr loss in FY24. The company maintained profitability in FY26, raking in a PAT of ₹494 Cr in the fiscal.

Urban Company also reported its first consolidated net profit of approximately ₹240 Cr for FY25, it returned to the red in FY26. For the full year FY26, the company reported a net loss of ₹234.8 Cr against a net profit of ₹239.8 Cr in previous year despite seeing a revenue growth of 36% YoY to ₹1,555.5 Cr

Sectors Driving India’s Startup IPO Boom

The startup sectors producing the most number of listed companies is proportional to the private funding trends witnessed in the Indian startup ecosystem.

The three most funded sectors, fintech, ecommerce and enterprise tech, also house the highest number listed startups.

While fintech and ecommerce house 14 names each, 13 enterprise tech startups have listed on the bourses so far. 

The dominance of the fintech and ecommerce sectors on the bourses is expected to continue as the likes of Tonbo Imaging, Zepto and OYO would soon be making their public market debuts.

Delhi NCR Home To Highest Number Of Listed Startups

While Bengaluru continues to be the startup capital of India, Delhi and its neighbouring cities Gurugram and Noida account for the most number of listed new-age tech companies. Overall, the Delhi NCR region is home to 27 listed new-age tech companies, ahead of Bengaluru’s ninetineen and Mumbai’s fifteen. 

While fifteen companies, including Eternal, Delhivery, and Lenskart, call Gurugram their home, Awfis, EaseMyTrip, MapmyIndia and E2E Networks are from Delhi. Noida on the other hand is home to six listed new-age tech companies, including Paytm and IndiQube. 

Delhi NCR contributes $90 Bn in the cumulative $167 Bn market cap of new-age tech companies. 

Last updated: Oct 23
The Indian Listed New-Age Tech Company Tracker will be updated periodically with fresh data.  

Edited by Vinaykumar Rai
Creatives by Abhyam Gusai, Varshita Srivastava

The post Indian Listed New-Age Tech Company Tracker: Market Cap, Revenue & More appeared first on Inc42 Media.