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

Over 70 Indian new-age tech companies have already crossed the IPO milestone and are now listed on the bourses

The cumulative market cap of listed new-age tech companies as of now exceeds $192 Bn

10 new-age companies — Turtlemint, Klassroom, Shiprocket, LEAP India, Kissht, Aye Finance, Fractal Analytics, Amagi, Shadowfax and SEDEMAC — have already made their public market debut in 2026

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, OYO, 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 now 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 13 startups went public in 2024, the number has already been overtaken this year, with 18 companies making their market debut in the previous year. The list of new-age tech companies that went public in 2025 included Meesho, Ather Energy, Urban Company, Lenskart, Groww, Pine Labs and PhysicsWallah.

The list is only expected to grow further this year.

12 new-age companies — ESDS, Purple Style Labs, Turtlemint, Klassroom, Shiprocket, LEAP India, Kissht, Aye Finance, Fractal Analytics, Amagi, Shadowfax and SEDEMAC — have already made their public market debut in 2026.

As of now, the total market capitalisation of the listed companies stands at over $192 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.

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. About 64% of the listed new-age tech companies, 41 to be precise, are currently profitable.