Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers

Eyewear startup Lenskart has invited bankers to pitch for its upcoming initial public offering (IPO), aiming to raise between $750 million and $1 billion, according to a report by Moneycontrol on Thursday. The company is targeting a valuation of $7-8 billion and plans to list by the end of the financial year 2026.

Earlier news reports suggested a potential IPO timeline of around two years. In November 2024, it was noted that Lenskart’s valuation could increase by 20 per cent to $6 billion if a $200-300 million secondary share sale materialises.