Lenskart Aims for $1 Billion IPO at $7-8 Billion Valuation: Report
Lenskart, the popular eyewear startup, is gearing up for a major milestone as it plans to launch an initial public offering (IPO) that could raise between $750 million and $1 billion. According to a report by Moneycontrol, the company is targeting a valuation of $7-8 billion and is aiming to list on the stock exchanges by the end of fiscal year 2026. The move marks a significant step forward for the company, which has become one of India’s most recognized new-age startups.
Founded by Peyush Bansal in 2010, who also serves as the CEO, Lenskart has been a leader in revolutionizing the eyewear industry with its omnichannel approach, offering both online and offline services. While the company enjoyed profitability in the past, recent filings revealed a minor setback in FY24, with a reported loss of ₹10 crore against revenues of ₹5,427 crore. However, this hasn’t deterred its ambitious IPO plans or its appeal to investors.
Lenskart IPO Plan
The decision to go public comes amid a resurgence in startup IPOs in India, as buoyant public markets fuel optimism and facilitate significant funding opportunities. Lenskart’s anticipated listing would place it alongside major players like Swiggy, Zomato, and Paytm, which have already made their stock market debuts in recent years. Notably, Lenskart has strengthened its leadership team ahead of the IPO, recently bringing in Abhishek Gupta, the former CFO of Oyo, as its new Chief Financial Officer, signaling the company’s focused preparation for its market debut.
The broader startup ecosystem in India is also witnessing a wave of IPO activity, signaling a recovery from the relatively quieter year of 2024, which saw 13 startups, including Ola Electric, Swiggy, and FirstCry, raise approximately ₹29,000 crore collectively. In contrast, 2025 is expected to see around 25 startups making their public market entries. Companies such as Zepto, PhysicsWallah, Infra.market, and Fractal are planning IPOs in the $500 million range, while others like Zetwerk, OfBusiness, and Pine Labs are eyeing billion-dollar fundraising targets.
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Lenskart’s IPO is likely to draw significant attention, given its strong brand presence and innovative business model. As the public markets continue to spotlight new-age companies, Lenskart’s move underscores the growing confidence among Indian startups in seeking growth through public listings.