Lenskart Set to Raise $1 Billion in IPO, Tapping Leading Banks for Launch
Lenskart, the Indian eyewear giant backed by SoftBank, is preparing for a major step in its growth journey by planning a potential initial public offering (IPO) worth up to $1 billion. The company has reportedly reached out to key arrangers such as Kotak Mahindra Bank and Morgan Stanley to assist with the IPO, which is expected to take place in Mumbai later this year.
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Lenskart’s Expected IPO Details
Sources familiar with the matter indicate that Lenskart is looking to secure a valuation of around $8 billion as part of its public offering. While the final valuation and the total amount to be raised are still under discussion, the company aims to tap into the growing demand for eyewear and related services in India. The IPO will provide Lenskart with significant funds to fuel its expansion plans and solidify its position in the competitive Indian market.

Key Financial Backers
Founded in 2010 by Peyush Bansal, Lenskart has quickly become one of India’s most recognizable eyewear brands, offering a wide range of affordable and stylish glasses, contact lenses, and other optical products. The company’s rapid growth has been supported by several high-profile investors, including SoftBank Group, Abu Dhabi Investment Authority, KKR & Co., Temasek Holdings, and PremjiInvest. These investors have helped Lens-kart scale its operations, expand its product offerings, and enhance its online and offline presence.
Growth and Market Potential
The Indian eyewear market has witnessed rapid expansion in recent years, driven by increasing awareness about eye health and a growing middle class seeking affordable, fashionable eyewear. Lenskart has successfully capitalized on this trend by offering competitive pricing and innovative solutions, such as home eye checkups and a virtual try-on feature on its website and mobile app.
Additionally, the company has expanded its footprint with hundreds of physical stores across India and plans to continue growing in both urban and rural regions. Its omnichannel approach has made it a favorite among Indian consumers who prefer shopping both online and in physical stores.

IPO Process and Timing
While Lenskart is working closely with banks like Kotak Mahindra Bank and Morgan Stanley to finalize the details of the IPO, no official announcements regarding the offering’s size or the exact timing have been made yet. Experts suggest that the IPO could go live by the middle of 2025, depending on market conditions. As part of the preparation, the company is expected to file the necessary documents with India’s Securities and Exchange Board (SEBI) in the coming months.
The Road Ahead for Lenskart
Lenskart’s IPO could be a game-changer for the company, enabling it to fund its growth strategy and expand internationally. The potential public listing also reflects the rising interest in Indian tech-enabled businesses, which have shown resilience and strong growth even amid economic challenges. As Lenskart continues to scale its operations and innovate in the eyewear space, this IPO could mark a pivotal moment in the company’s trajectory.

Conclusion
Lenskart’s upcoming IPO represents an exciting opportunity for investors, as well as a significant milestone in the company’s development. With strong financial backing and a growing consumer base, Lens-kart is positioning itself to capitalize on the booming eyewear market in India. As the IPO details continue to unfold, eyes will be on Lens-kart as it prepares to take the next step in its journey as a publicly traded company.
Lenskart, the SoftBank-backed Indian eyewear brand, is set to raise up to $1 billion through an IPO in Mumbai this year. The company is targeting a valuation of around $8 billion and has enlisted top banks like Kotak Mahindra and Morgan Stanley to help facilitate the offering.
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