Lenskart raises ₹200 crore from Damani and SBI MF ahead of IPO plans
Eyewear retailer Lenskart Solutions secured ₹200 crore from investor Radhakishan Damani and SBI Mutual Fund in a pre-IPO round to accelerate expansion and marketing. The deal values Lenskart at around $6 billion and sets the stage for a potential 2026 IPO. The funds will support tier-2 city expansion, R&D on smart eyewear, and AI-based lens customisation. The company also aims for overseas growth through its Singapore subsidiary Lenskart International.
positive
1 day ago
Lenskart raises ₹200 crore from Damani and SBI MF ahead of IPO plans
Eyewear retailer Lenskart Solutions secured ₹200 crore from investor Radhakishan Damani and SBI Mutual Fund in a pre-IPO round to accelerate expansion and marketing. The deal values Lenskart at around $6 billion and sets the stage for a potential 2026 IPO. The funds will support tier-2 city expansion, R&D on smart eyewear, and AI-based lens customisation. The company also aims for overseas growth through its Singapore subsidiary Lenskart International.
positive
Lenskart raises ₹200 crore from Damani and SBI MF ahead of IPO plans
1 day ago
1 min read
69 words
Lenskart raised ₹200 crore from Radhakishan Damani and SBI MF ahead of its planned 2026 IPO.
Eyewear retailer Lenskart Solutions secured ₹200 crore from investor Radhakishan Damani and SBI Mutual Fund in a pre-IPO round to accelerate expansion and marketing. The deal values Lenskart at around $6 billion and sets the stage for a potential 2026 IPO. The funds will support tier-2 city expansion, R&D on smart eyewear, and AI-based lens customisation. The company also aims for overseas growth through its Singapore subsidiary Lenskart International.
Eyewear retailer Lenskart Solutions secured ₹200 crore from investor Radhakishan Damani and SBI Mutual Fund in a pre-IPO round to accelerate expansion and marketing. The deal values Lenskart at around $6 billion and sets the stage for a potential 2026 IPO. The funds will support tier-2 city expansion, R&D on smart eyewear, and AI-based lens customisation. The company also aims for overseas growth through its Singapore subsidiary Lenskart International.