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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
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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.
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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.
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The appointment of two entrepreneurs to the board is aimed at strengthening Lenskart's governance ahead of its public listing
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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
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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.
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This marks a 22 percent increase from its June 2024 investment, as the eyewear brand prepares for billion-dollar public issue
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The company’s board has passed a special resolution to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited
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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.
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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.
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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
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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.
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Lenskart CEO identified HR tech as a promising area for startups, noting the shifting focus towards prioritising employees within organisations.
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Alia Bhatt Joins YRF's Elite Spy Roster: Bhatt will be playing the role of a super spy in an upcoming action-packed film. She will be sharing the screen with Sharvari Wagh, and together they are touted to portray super-agents.
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Shark Anupam Mittal also labelled Mishra as 'arrogant' during her pitch, leading her to express disappointment that the focus shifted to her character.
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In all, sharks committed a total of Rs 40 crore to 65 companies (only equity rounds) during the first season but invested only Rs 17 crore across 27 startups which translates to a strike rate of only 42.5 percentage, PrivateCircle said.
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In total, across the two rounds, where Lenskart raised $500 million in March and $100 million now, about $450-500 million was in the form of secondary sales in what was understood to be a mega payday for some early backers of the company.
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Lenskart will use the funds to deepen its penetration in India and scale its international presence in Asia and the Middle East, the company said. Lenskart claimed to have over 2,000 stores of which 1,500 were in India with the rest in Southeast Asia and the Middle East.
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Other business leaders who attended OYO founder Ritesh Agarwal's wedding included Paytm's Vijay Shekhar Sharma, Lenskart's Peyush Bansal, and Flipkart CEO Kalyan Krishnamurthy.
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Musician Ricky Kej said he received repeated calls from the eyewear brand despite urging them to remove him from their telemarketing database.
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Artificial Intelligence generated artwork of the popular Shark Tank India judges, including former judge Ashneer Grover, portrayed as babies, have gone viral on social media.
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The data, shared by Harsh Goenka, listed only Aman Gupta’s company boAt reporting Rs 79 crore in profit in financial year 2021-2022.
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Shark Tank India season 2 airs on Sony Entertainment Television.
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In a post about the importance of women in the workplace, Shark Tank India judge Peyush Bansal also dropped some insights into what went on behind the scenes of the reality television series.
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This round of financing brings INDmoney’s total fundraise to $143 million.
