New-Age IPOs Unlock Rs 40,000 Cr Liquidity as Private Funding Dries Up

• New-age IPOs in 2025 generated Rs 40,000 crore in public market capital, a significant jump from 2024.
• Decline in late-stage private funding pushed 15 startups to list publicly, accelerating IPO plans.
• Major IPOs like Meesho, Lenskart, Groww, Pine Labs, Ather Energy, PhysicsWallah, Urban Company drove Rs 32,000 crore.
• Listings provided Rs 18,000 crore for company growth and Rs 20,000 crore for early investor exits.
• A strong pipeline of 21 companies, including Zepto, PhonePe, Flipkart, is expected for 2026, indicating a sustained IPO cycle.

Why It Matters: Drying private funding fuels a record new-age IPO boom, reshaping India's startup ecosystem.