Lenskart IPO raises funds for growth, global expansion and tech build-out

Lenskart’s IPO includes a fresh issue portion of approximately ₹2,150 crore and an offer-for-sale by existing shareholders. Proceeds will fund opening of new company-owned stores, leasing and rent of outlets, technology upgrade, brand marketing and inorganic acquisitions. The company currently operates over 2,000 stores in India and 650+ overseas. With the eyewear market in India expected to grow at double-digit rates, the IPO plays a strategic role in scaling omni-channel presence and global footprint ahead of listing.