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The Great IPO Wave: How Indian Startups Are Ringing the Bell for a New Era
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The Great IPO Wave: How Indian Startups Are Ringing the Bell for a New Era

3 months ago
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India’s startup ecosystem is having its Dalal Street moment.' In just one week, the country witnessed a series of IPOs that reminded the world that Indian founders are not just building apps — they’re building legacies.

From Lenskart to Groww to Pine Labs , and now the upcoming Physics Wallah and Meesho , this is a time to celebrate what Startup India has truly achieved — turning dreams into public companies.

Let’s take a closer look at this IPO storm that’s making global investors sit up and watch Bharat’s rise.

The Rise of Startup India

A decade ago, most Indian startups were chasing survival — not IPOs. Founders were pitching investors, learning business models, and building teams from scratch.

Today, those same founders are stepping onto the stock exchange floor, ringing the IPO bell, and watching retail investors — the very people who once used their products — now buying shares in their companies.

This is not just progress.
This is a revolution.

Let’s talk about the five giants leading this new wave.

1. Lenskart — Seeing the Vision Clearly.

Started in 2010 by Peyush Bansal , Lenskart began as an online eyewear brand when few people trusted buying specs online.

But Peyush had a clear vision — make eyewear affordable, stylish, and accessible to every Indian.

From selling glasses online to opening hundreds of stores across India, Lenskart redefined omnichannel retail.

With strong revenues, consistent profits, and investments from prominent companies such as SoftBank, Temasek, and Abu Dhabi Investment Authority, Lenskart’s IPO is a symbol of discipline meeting innovation.

It’s not just about glasses anymore — it’s about seeing what others can’t.

2. Groww — The New Face of Investing in India.

If Zerodha built the foundation of discount broking, Groww built the next generation of investors.

Started in 2017 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal , Groww began with a simple idea — make investing as easy as ordering food online.

By 2020 , Groww entered stock broking, and within just four years, it overtook giants like Zerodha with 12.6 million active users.

Their secret?
Simplicity, trust, and focusing on Bharat’s youth — people who were never investors before.

Today, Groww is preparing for its IPO with a strong user base, profitable operations, and a brand loved by India’s middle class.

Groww’s rise is proof that trust scales faster than funding.

3. Pine Labs — The Quiet Fintech Powerhouse

While flashy fintechs chased headlines, Pine Labs quietly became a backbone of India’s retail payments.

Founded in 1998 and transformed into a fintech powerhouse by Amrish Rau , Pine Labs connects millions of merchants with consumers through POS machines, EMI options, and digital payment services.

The company’s IPO is being closely watched by global investors, given its strong business model and international expansion.

From the small kirana store in Lucknow to luxury malls in Dubai, Pine Labs is powering every swipe and every transaction.

Its IPO will be a milestone for Indian fintech — one that’s built on substance, not just hype.

Physics Wallah — The Teacher Who Taught India How to Believe

If there’s one IPO that’s straight from the heart, it’s Physics Wallah (PW).

Alakh Pandey ’s journey is nothing short of cinematic.
From earning ₹5,000 a month as a small-town teacher to building a ₹3,600 crore IPO , he proved that purpose beats privilege.

When other edtech giants were burning cash on ads and sponsorships, PW stayed true to its mission — education for everyone.

With millions of students learning online and offline, and profits already on the books, Physics Wallah is not just an IPO — it’s an emotional revolution.

Alakh Pandey’s story shows that you don’t need millions of dollars to start — you just need millions of hearts to believe in you. ❤️

5. Meesho — Bharat’s Social Commerce Queen

Meesho is the heartbeat of India’s digital sellers.

Started in 2015 by Vidit Aatrey and Sanjeev Barnwal , Meesho gave thousands of small-town entrepreneurs — especially women — the power to earn from home.

No fancy offices. No urban bias. Just one mission — make e-commerce for everyone.

Today, Meesho connects millions of resellers and buyers, with a valuation crossing $4.9 billion.

Their IPO will not just be a business milestone — it will be a tribute to Bharat’s resilience and creativity.

From a small WhatsApp group to the stock exchange — that’s the kind of story that gives goosebumps.

A New Era for Indian Startups

Five different startups.
Five different industries.
One common thread — India’s rise from startup to stock market.

This wave of IPOs shows how far we’ve come:

  • From funding pitches to public filings.

  • From raising rounds to ringing bells.

  • From valuations to value creation.

This isn’t about luck.
It’s about execution, patience, and belief.

What Makes This Moment Special

A decade ago, the Indian startup dream was limited to a few big cities — Bengaluru, Gurgaon, Mumbai.

Today, startups from every corner of Bharat are going public.
Investors are backing Indian founders with global confidence.
And most importantly, retail investors , the common people, are finally becoming part of the story.

These IPOs are not just business events — they’re emotional moments for a generation that grew up watching these brands on YouTube, Instagram, and their own phones.

Now, the same users are buying shares in those very companies.

That’s not just capitalism.
That’s democratisation of dreams. ??

The Bigger Picture

The success of these IPOs will determine how global investors view India’s startup ecosystem for the next decade.

If they perform well, it opens doors for hundreds of new-age companies waiting in line — from Zepto to Boat, Mamaearth to Swiggy.

If they stumble, it’s a reminder that profitability and patience still rule the game.

But one thing is clear — the “Startup India” slogan has finally turned into action.

Final Thoughts

India’s startup journey started with a question — Can we build world-class companies from Bharat?

Today, the answer rings loud on the IPO bell at BSE and NSE. ?

Lenskart, Groww, Pine Labs, Physics Wallah, Meesho — they’ve proven that dreams built with purpose can stand tall on Dalal Street.

This is not just a startup story anymore.
It’s India’s story.

Because when Bharat builds, the world takes notice. ???

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