Overview

• Lenskart passed a special board resolution on May 30 to change its status from a private to a public limited company, renaming itself Lenskart Solutions Limited.
• The company plans to raise up to $1 billion in its initial public offering at an expected valuation of about $10 billion.
• Lenskart has achieved an annual revenue run rate of $1 billion and reduced its losses by 84% in fiscal year 2024.
• Founded by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, the company operates more than 2,500 stores across India and Southeast Asia and maintains a strong online presence.
• The firm’s draft IPO documents remain unfiled, with the timing of its regulatory submission contingent on market conditions later this year.