Eyewear startup Lenskart has welcomed investors to pitch for its proposed initial public offering (IPO), pointing to raise between USD 750 million and USD 1 billion, concurring to a media report on Thursday. The company looks for a valuation of USD 7-8 billion and is focusing on a posting by the conclusion of the budgetary year 2026.

While earlier reports indicated at an IPO inside two a long time, later developments suggest an accelerated timeline. In November 2024, it was detailed that Lenskart’s valuation seem rise by 20 per cent to USD 6 billion if a USD 200-300 million auxiliary share deal materializes.

Lenskart has as of now raised USD 200 million from Fidelity Management & Research Company and Temasek, pushing its valuation to USD 5 billion. Over the past 18 months, the startup secured near to USD 1 billion in financing, in spite of a challenging monetary climate in 2022-23, with backing from KKR and the Abu Dhabi Speculation Authority.

The auxiliary share deal, pulling in interest from financial specialists like Fidelityand Kedaara Capital, would include unused speculators obtaining offers from existing partners, with continues going to the offering shareholders. Final year, Lenskart recorded USD 650 million in auxiliary transactions.

Founded in 2010, the company has raised a add up to of USD 1.08 billion and operates over 2,500 stores, with 2,000 in India. Lenskart continues to extend aggressively into undiscovered Indian markets whereas scaling international operations over Asia. Key acquisitions incorporate the AI-based computer vision startup Tango Eye and a stake in the Paris-based eyewear brand Le Petit Lunetier.

source: bwdisrupt.