Indian eyewear retailer Lenskart is looking at a potential $10-billion valuation for its upcoming IPO, per a report by The Economic Times.
This is double the valuation it earned when the company raised $200 million in a secondary round in June 2024.
Lenskart is reportedly looking to file its draft papers in May, the report further stated, quoting sources.
Established in 2008 by Peyush Bansal, Amit Chaudhary, Neha Bansal, and Sumeet Kapahi, Lenskart joined the unicorn club in 2019. It counts ChrysCapital, SoftBank, Premji Invest, Alpha Wave Global, Temasek, and KKR among its investors.
Lenskart became a household brand in India by offering steep discounts on premium eyewear. It sells eyeglasses, sunglasses, contact lenses, and accessories.
The company currently operates over 2,000 stores, of which the majority are in India and the rest in Southeast Asia and the Middle East.
Among other startups that launched their IPOs in India in the recent past, food delivery firm Swiggy raised Rs 11,327 crore (around $1.4 billion) in November, while fintech major MobiKwik raised Rs 572 crore ($66 million) in December.
Meanwhile, those in the pipeline to make their public market debut include names such as quick commerce firm Zepto, Bluestone Jewellery, drug and medical services platform PharmEasy, and budget hotel chain OYO.
