Lenskart IPO: Going to raise ~ $1bn at valuation of ~$10 Billion

Lenskart, founded by Peyush Bansal in 2010, has become India's leading eyewear retailer with a strong omni-channel presence.

With over 2,000 stores in India and international markets like Singapore and Dubai, the company blends online and offline shopping for a seamless customer experience. Its state-of-the-art manufacturing facility in Rajasthan produces 5 crore glasses annually, reinforcing its supply chain strength.

Lenskart has raised $200 million in secondary investment from Temasek and Fidelity Management & Research Company (FMR) in June 2024 at a valuation of $5 billion. Following this transaction, Lenskart has attracted close to $1 billion in capital over the last 18 months.

The company aims to expand globally and invest in innovation. With Kotak Mahindra Bank and Morgan Stanley managing the IPO, Lenskart is set to redefine the eyewear industry.