India’s start-up ecosystem is witnessing an unprecedented surge in initial public offerings (IPOs), marking a significant shift from rapid growth to strategic sustainability. This week, eyewear solutions firm Lenskart, valued at $821 million, saw its IPO sold out within hours, despite its shaky market debut. This follows the successful listing of Groww, the country’s largest retail brokerage backed by Microsoft CEO Satya Nadella, which garnered 17 times more demand than available shares. Fintech unicorn Pine Labs is also set to list later this week.