09 January 2025
Eyewear startup Lenskart has approached bankers to pitch for its upcoming initial public offering (IPO), seeking to raise about $1 billion, according to industry sources. The company aims for a valuation of about $7 billion and plans to go public by early next year.
“The pitch will happen next month. Lenskart is a profitable business,” said a person familiar with the development.
A fund managed by United States-based financial services major Fidelity last year increased the valuation of Lenskart to $5.6 billion. This represented a 12 per cent increase in the firm’s fair value in Fidelity’s books, based on the valuation of the company as of September 30.
Eyewear startup Lenskart has approached bankers to pitch for its upcoming initial public offering (IPO), seeking to raise about $1 billion, according to industry sources. The company aims for a valuation of about $7 billion and plans to go public by early next year.
“The pitch will happen next month. Lenskart is a profitable business,” said a person familiar with the development.
A fund managed by United States-based financial services major Fidelity last year increased the valuation of Lenskart to $5.6 billion. This represented a 12 per cent increase in the firm’s fair value in Fidelity’s books, based on the valuation of the company as of September 30.
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