On the eve of Lenskart’s listing, founder and CEO Bansal, in a letter, reflects on the company’s 15-year journey from a Delhi startup to a global eyewear brand
The move follows RK Damani’s Rs 90-crore pre-IPO investment; Moneycontrol was the first to report on SBI MF’s planned investment earlier this month.
While he has not decided if he will publish a book, and a name for it yet, Bansal said when he begins to work on the idea, he would title it “Vision for Billion”.
Lenskart acquired Owndays in Japan and Stellio in Spain to grow its international presence. The Middle East and regions like Singapore are key to the company’s next phase of growth, says the CEO
Even if it is Rs 5,000 crore, we can give vision to 50 percent of India and that is a sizable impact to create and so our job is not changing because of that, Peyush Bansal, CEO and co-founder, Lenskart, told Moneycontrol in an interview.
In a freewheeling chat with Moneycontrol, Peyush Bansal, CEO and co-founder of the company said it doesn't matter to him what the total addressable market (TAM) is beyond a certain point. "I don't get into this, I don’t track it. I think this is an analyst’s job."
Eyewear retailer posted a strong quarterly performance led by store expansion and international growth
The eyewear retailer’s updated filing details a sharper issue structure, revised utilisation of funds, and confirmed IPO timeline, as it gears up for one of the year’s biggest consumer internet listings.
Lenskart is planning to list as early as next month in Mumbai, targeting a stock debut that would value the company at $9 billion, based on the IPO size
Lenskart is expected to file its red herring prospectus (RHP) in the week of October 22 and plans to list on the stock exchanges no later than November 12, a source told Moneycontrol
Moneycontrol was first to report on July 9 about Bansal’s plans to borrow around Rs 200 crore and fund this share purchase at a valuation of $1 billion, 90% lower than the $10 billion price tag it is aiming for during its IPO later this year
The company clocked a robust 33% Revenue CAGR over last 2 years, reaching Rs 6,524 Cr in FY25 with 60% contribution from India and the remaining from international markets. Lenskart has a high gross margin of 69% with around 500 bps expansion over last two years, the DRHP showed.
The IPO will comprise of fresh issuance of shares worth Rs 2,150 crore, and an offer-for-sale of 13.2 crore equity shares by existing shareholders.
The appointment of two entrepreneurs to the board is aimed at strengthening Lenskart's governance ahead of its public listing
The salaries were approved by shareholders at the AGM on July 26, as the eyewear firm moves towards a more structured governance and compliance framework ahead of the IPO
The proposal was cleared at Lenskart’s annual general meeting held on July 26. The company is expected to file its draft red herring prospectus (DRHP) in the coming days, people aware of the matter said.
This marks a 22 percent increase from its June 2024 investment, as the eyewear brand prepares for billion-dollar public issue
The company’s board has passed a special resolution to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited
Speaking at the Startup Mahakumbh 2025, Bansal said that startup investors should also focus on metrics like new customer acquisition and retention, rather than channel growth.
The founders of Nooky, Saurabh Tyagi and Rekha Lohkna, pitch their chocolate brand to Anupam Mittal, Vineeta Singh, Aman Gupta, Peyush Bansal, and Varun Dua in the latest episode of Shark Tank India.
While Lenskart was profitable in the past, it incurred a loss of Rs 10 crore on the back of Rs 5,427-crore revenue in FY24, filings showed
Gaurav Singh Kushwaha, Co-founder and CEO of jewelry brand Bluestone, emphasised the changing preferences, particularly among the new generation, who are increasingly valuing uniqueness over traditional price sensitivity.
Lenskart CEO identified HR tech as a promising area for startups, noting the shifting focus towards prioritising employees within organisations.
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