📰 *Lenskart Becomes Public Company Before $1 Billion IPO* 1. Lenskart’s Big Step: Eyewear brand Lenskart has changed its status from a private company to a public limited company. This is an important step before launching an IPO (Initial Public Offering). 2. Planning a $1 Billion IPO: Lenskart is preparing for an IPO worth $1 billion, and it hopes for a valuation of $10 billion – double its last valuation. 3. Funding History: • In June 2024, Lenskart raised $200 million at a $5 billion valuation. • Total funding since the beginning: nearly $2 billion (including secondary sales). 4. Strong Backing: Investors include Temasek (Singapore), Fidelity, and founders like Peyush Bansal also added $20 million. 5. Company Strength: • Makes 25 million frames and 30–40 million lenses every year. • Has 2,500+ stores across India & Southeast Asia. • Also has a strong online presence. 6. Financial Update: • In FY24, Lenskart’s net loss came down to ₹10 crore, compared to ₹64 crore in FY23. • The company says this is due to technology-driven cost savings. 7. IPO Coming Soon: The company is expected to file IPO documents soon, depending on market conditions. *🔍 Why it matters:* Lenskart is preparing to go big on the stock market. With strong investor interest, reduced losses, and a major expansion in retail and online, it’s one of the most promising startups to watch.