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Business
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Jun 13, 2025
Fidelity raises Lenskart's valuation to $6.1 billion
Lenskart, India's biggest eyewear retailer, is planning to raise $1 billion through an IPO that could value the company at $10 billion. In FY24, their revenue shot up 43% to ₹5,428 crore and profits (EBITDA) more than doubled to ₹856 crore.
TL;DR
Over 2,000 stores and a solid online presence
Lenskart has grown into a go-to brand for eyewear with over 2,000 stores and a solid online presence. They make millions of frames and lenses each year and have invested in global brands like Owndays and Le Petit Lunetier. Major investors include SoftBank and Temasek.
Global expansion and strong growth
Lenskart plans to file for its IPO by May 2025 if market conditions are right. The brand is also expanding globally—especially in Thailand and Japan—riding on strong growth that could make its stock market debut one to watch.