Indian startups are accelerating their initial public offerings (IPOs) with Snapdeal’s parent company AceVector set to list next month through a ₹420 crore issue. Spinny has confidentially filed its draft red herring prospectus (DRHP) for a ₹2,500-3,000 crore IPO targeting 2027, while Furlenco is preparing for an IPO of up to ₹1,200 crore with a planned launch in FY28, according to inc42.com.
AceVector’s IPO includes a ₹287 crore fresh raise and a trimmed offer-for-sale (OFS) of 4.16 crore shares, with a price band of ₹30-₹32 per share, valuing the company at ₹1,741 crore at the upper end. Spinny, a used car marketplace, is projecting revenues near ₹6,000 crore in FY26 with narrowing losses. Furlenco plans to appoint ICICI Securities as its advisor for the public issue. These moves come amid a broader wave of tech startups entering public markets, with 24 startups having filed DRHPs so far, per inc42.com.
This surge in IPO activity reflects growing investor interest in Indian tech startups, especially those with strong revenue growth and improving unit economics. Snapdeal’s non-metro focus and value ecommerce positioning, Spinny’s full-stack retail and financing model, and Furlenco’s furniture rental platform are among the factors attracting capital. The IPOs follow a trend set by peers like RentoMojo, indicating a maturing startup ecosystem seeking public market funding.
The IPO for Snapdeal’s parent AceVector is scheduled to open next week, marking a key milestone in the Indian startup IPO cycle. Spinny aims for a 2027 listing, while Furlenco targets FY28 for its debut. These timelines highlight a sustained momentum in Indian startup public offerings, with over 25 companies actively pursuing listings, according to inc42.com.