lenskart eyes a billion-dollar ipo as india’s eyewear boom sharpens focus

Lenskart, founded in 2010 by Peyush Bansal, has evolved from a small online eyewear startup into India’s most dominant optical retail brand. With over 2,000 stores and a solid e-commerce base, it has redefined how Indians buy glasses—combining fashion, tech, and accessibility.

The company now aims to raise about US $1 billion (₹8,000–10,000 crore) through its upcoming IPO, targeting a valuation of nearly ₹70,000–₹75,000 crore. Proceeds are expected to fuel expansion, repay debt, and enhance its tech-driven supply chain.

In FY25, Lenskart reported ₹6,653 crore in revenue and ₹297 crore in net profit, marking its first profitable year. A mix of higher screen time, growing eye-health awareness, and the rise of organised eyewear retail has worked in its favour.

Going forward, the company plans to deepen its reach across smaller Indian cities while continuing its global push—international operations already account for 40% of revenue. The path looks bright, but competition and operational challenges will test its focus.

For retail investors, the final details—price band, lot size, and listing date—are still awaited. But the buzz around Lenskart’s IPO suggests investors are already looking through the lens of long-term opportunity.