Lenskart Eyes INR 9,000 Cr Valuation in IPO; In Advanced Talks to Raise INR 300 Cr Pre-IPO from Radhakishan Damani, SBI Mutual Fund
IPO-bound eyewear unicorn Lenskart is making headlines once again as it enters advanced discussions to raise INR 250–300 crore in a pre-IPO funding round. The capital is reportedly set to come from marquee investors including DMart founder Radhakishan Damani and SBI Mutual Fund, both of whom are known for their long-term bets on high-growth, consumer-centric businesses.
This funding comes just ahead of Lenskart’s much-anticipated initial public offering (IPO), expected to hit the Indian markets next month. With SEBI’s approval already secured, the company plans to raise up to INR 2,150 crore through a fresh issue and an offer-for-sale (OFS) of 13.2 crore shares. If all goes as planned, the IPO would value Lenskart at a massive $9 billion (approx. INR 75,000 crore), placing it among the top-tier Indian consumer-tech IPOs in recent years.
Strategic Timing and Smart Capital Moves
The timing of the pre-IPO fundraise signals strong investor confidence in Lenskart’s business fundamentals and future growth story. By onboarding institutional investors like SBI Mutual Fund and seasoned entrepreneurs like Damani, the company not only boosts credibility ahead of its public listing but also sets a strong foundation for price stability post-IPO.
Moreover, the additional capital from the pre-IPO round allows Lenskart to strengthen its balance sheet and execute key growth plans without relying solely on IPO proceeds.
Utilisation of Funds: Expansion, Innovation & Brand Building
Lenskart plans to use the fresh funds from the IPO and pre-IPO rounds to drive three primary initiatives:
- Store Expansion: With a growing footprint of both offline stores and online platforms, Lenskart is doubling down on its omnichannel strategy. The fresh capital will be used to open new experience centers in India and expand into Tier II and Tier III cities, while also strengthening its international presence.
- Tech Innovation: The company has long positioned itself as a tech-enabled eyewear brand. Investments will continue to go into AI-driven facial mapping, virtual try-on tools, supply chain automation, and predictive analytics to personalise the shopping experience and streamline operations.
- Brand Building: As competition heats up in the lifestyle and fashion accessories segment, Lenskart aims to enhance its brand visibility through aggressive marketing, influencer collaborations, and a stronger digital presence—both in India and abroad.
Global Ambitions
While India remains its largest market, Lenskart is aggressively expanding internationally. The company already has a growing presence in Southeast Asia, Japan, and the Middle East, and is looking to deepen its market penetration in these regions through partnerships, acquisitions, and direct-to-consumer strategies.
This global push is expected to play a significant role in supporting future revenue growth and improving margins through economies of scale.
Final Thoughts
As Lenskart gears up for its public debut, its ability to attract high-profile investors like Radhakishan Damani and SBI Mutual Fund underscores the strong fundamentals of the business. With a solid roadmap for expansion, innovation, and brand leadership, the eyewear giant is not just preparing for a successful IPO—but for long-term dominance in the global eyewear market.
Investors and analysts alike will be watching closely as one of India’s most prominent consumer-tech success stories steps into the public spotlight.
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