
Investolane
February 17, 2025 at 03:24 AM
*Lenskart Sharpens Focus on IPO at $10b Valuation*
✅ Lenskart is considering a potential $10-billion valuation, double that of its last funding round, for its upcoming IPO. The omnichannel eyewear retailer has set its sights on filing draft papers in May.
✅ Lenskart closed a $200-million secondary round in June last year at a $5-billion valuation, against a preceding round of primary capital infused at $4.5 billion. Typically, secondaries happen at a discount but Lenskart shares have been in demand among new and existing investors.
✅ The 15-year-old firm—which won top honours at the ET Startup Awards last year—has hit an annual revenue run rate of $1 billion ( ₹8,400 crore). The company produces 25 million frames and 30-40 million lenses annually.
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