Leading omnichannel eyewear brand Lenskart has officially become a public limited company as it prepares for a public listing. The company changed its name from ‘Lenskart Solutions Private Limited’ to ‘Lenskart Solutions Limited.’
The move signals that Lenskart is gearing up to file its draft red herring prospectus (DRHP) soon. The company is expected to raise around $1 billion through its IPO, with a possible valuation of nearly $10 billion.
This development comes as Lenskart reports strong financial performance. For the financial year 2023–24 (FY24), the company’s operational revenue grew by around 43%, reaching over Rs 5,400 crore. More importantly, it cut its net loss to about Rs 10 crore, down from Rs 60 crore the previous year.
Founded in 2010 by Peyush Bansal, Lenskart has grown rapidly, now operating over 2,000 stores across India and Southeast Asia. It has also scaled its production capacity, making up to 25 million eyewear frames and over 30 million lenses each year.
The company is backed by global investors like SoftBank, Temasek, Abu Dhabi Investment Authority (ADIA), KKR, and Fidelity.
Lenskart’s IPO is one of the most anticipated listings of the year, joining the likes of Ather Energy, Bluestone, and PhysicsWallah in the queue of Indian startups looking to go public in 2025.
By becoming a public company, Lenskart is opening a new chapter—one that could further strengthen its position as a market leader in the eyewear segment.
