Lenskart Pre-IPO Snapshot

Eyewear unicorn Lenskart founded by Peyush Bansal,  is back in the headlines this time, for drawing two prominent investors ahead of its IPO. Billionaire Radha Kishan Damani, founder of DMart, and SBI Mutual Funds are reportedly set to invest ₹100 crore each through a secondary share purchase, valuing the company at nearly $5–6 billion.

• The deal comes as Lenskart gears up for its SEBI-approved IPO, which includes a ₹2,150 crore fresh issue and an offer-for-sale by existing investors like SoftBank and Kedaara Capital.

• Over the years, Lenskart has built a formidable omnichannel presence with 2,000+ stores across India and an expanding global footprint in the Middle East and Southeast Asia. After turning profitable in FY25 with revenues crossing ₹6,600 crore, the company is showing what few startups have managed: consistent scale with improving margins.