Archive · 17 Jun 2025
Lenskart Plans $1 Billion IPO, Valuation Around $10 Billion
Lenskart, which makes eyeglasses, is planning to sell shares to the public through an IPO.
This means they will offer stock to anyone who wants to buy it.
They are hoping to raise about $1 billion, and the company could be worth around $10 billion.
They recently got some money from other investors, raising $200 million at a $5 billion valuation in June 2024.
Several financial companies are assisting with the IPO, and the Indian stock market is currently doing well.
Lenskart recently changed its structure as part of the process.
Lenskart, backed by Softbank, is planning a $1 billion IPO.
The company is expected to file preliminary documents in the coming weeks.
The IPO could value Lenskart at approximately $10 billion.
Lenskart recently became a public limited entity.
The company raised $200 million in June 2024 at a $5 billion valuation.
- Who
- Lenskart, backed by Softbank, Abu Dhabi Investment Authority, KKR & Co. and TPG Inc.
- What
- Lenskart, an eyewear company, is preparing for an IPO.
- When
- The company is planning to file documents in the coming weeks.
- Where
- India
- Why
- To raise capital and take advantage of the current market conditions.
- Company
- Lenskart
- IPO Value
- $1 billion (approx.)
- Valuation
- $10 billion (approx.)
- Backers
- Softbank, Abu Dhabi Investment Authority, KKR & Co., and TPG Inc.
- Recent Funding
- $200 million at a $5 billion valuation in June 2024
- Advisors
- Kotak Mahindra Capital, Axis Capital, Citigroup, Morgan Stanley, Avendus