Lenskart, one of India’s most successful eyewear brands, has received a significant pre-IPO boost. Radhakishan Damani, the billionaire founder of DMart, and SBI Mutual Fund are each investing ₹100 crore in the company. The move comes as Lenskart prepares for its much-anticipated initial public offering (IPO), highlighting strong confidence from two of India’s most trusted investors.
Strong Confidence From Market Leaders
Both Damani and SBI Mutual Fund are acquiring shares through a secondary transaction, meaning they are buying stakes from existing shareholders rather than the company issuing new shares. This reflects a deep faith in Lenskart’s business potential and future performance. The company’s IPO plans include a fresh issue worth ₹2,150 crore and an offer-for-sale of approximately 13.2 crore shares by existing investors. Such large-scale interest from institutional investors underscores Lenskart’s solid financial performance, strong consumer base, and sustainable business model.
Lenskart’s growth story has been impressive. It has transitioned from being an online eyewear startup to a global player combining technology, retail, and fashion. The brand’s ability to merge digital convenience with an offline shopping experience has made it one of the most trusted eyewear retailers in India and abroad. The company’s leadership, led by CEO Peyush Bansal, has also been instrumental in expanding the brand’s reach across diverse markets.
Lenskart’s Journey to Profit and Growth
Lenskart’s financial performance tells a story of transformation. In FY25, the company posted a net profit of ₹297 crore, a massive improvement from a loss of ₹10 crore the previous year. Its revenue grew by 23% year-on-year, reaching nearly ₹6,652 crore. This turnaround reflects strong consumer demand, cost management, and the success of its omnichannel retail model.
The company currently operates over 2,000 stores across India and around 650 stores globally, including locations in Southeast Asia and the Middle East. Lenskart’s hybrid model — allowing customers to order online or visit a physical store — has created a seamless experience, blending technology and trust. The company’s focus on quality, affordability, and accessibility has helped it build a loyal customer base across various age groups and regions.
The Vision Behind the IPO
Lenskart’s upcoming IPO is a key step in its growth journey. The company plans to use the fresh capital to expand its company-owned outlets, upgrade technology systems, strengthen brand marketing, and explore potential acquisitions. By improving its technological capabilities, Lenskart aims to enhance user experience, optimize supply chains, and bring innovative eyewear solutions to a wider audience.
The IPO will also provide liquidity to existing investors and help the company attract more institutional and retail participants. With a strong brand presence, proven profitability, and growing international reach, Lenskart is positioning itself as one of India’s leading consumer-tech success stories.
Why Investors Are Excited
Investors see Lenskart as one of the few profitable consumer-tech startups in India that has successfully scaled both online and offline. The company already enjoys backing from global giants like SoftBank, Temasek, KKR, and Alpha Wave Ventures. Now, with Radhakishan Damani and SBI Mutual Fund joining the list, Lenskart’s credibility and investor confidence are stronger than ever.
The Indian eyewear market is still underpenetrated, offering massive growth opportunities. Lenskart’s strong brand identity, innovative technology, and expanding network make it well-positioned to capture this potential. The fresh investments ahead of the IPO not only validate the company’s strategy but also set the stage for a blockbuster market debut.
As Lenskart gears up for its public listing, it stands as a symbol of how a homegrown startup can evolve into a global powerhouse through innovation, consistency, and clear vision. With heavyweight investors backing its next phase, the company’s future indeed looks bright — and crystal clear.