SBI Mutual Fund invests Rs 100 crore in Lenskart in pre-IPO round

SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF) have together invested ₹100 crore in lenskart Solutions Ltd through a pre-IPO deal at a transfer price of ₹402 per share, the eyewear retailer announced on Wednesday.

As part of the transaction, Neha Bansal, one of Lenskart’s promoters, sold 2,487,561 equity shares. Prior to the deal, she owned 7.61% of the company’s pre-offer equity (fully diluted) and now holds 7.46%. Lenskart clarified that this share sale is not part of the IPO’s offer for sale.

The investment comes just before Lenskart’s IPO, which is set to open on Friday, October 31, 2025.

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Last week, DMart founder Radhakishan Damani reportedly invested about ₹90 crore in Lenskart through a similar pre-IPO deal, according to sources.

Lenskart’s investors include Alpha Wave Ventures, Bay Capital, Chiratae Ventures, IDG Ventures, Kedaara Capital, and MacRitchie Investments, among others.

The eyewear giant plans to use its IPO funds to open more company-owned stores, pay leases, boost technology and marketing, make acquisitions, and meet general business needs.

Founded in 2008, Lenskart started online in 2010 and opened its first store in Delhi in 2013. Today, it’s one of India’s leading eyewear brands with stores across major cities and international markets in Southeast Asia and the Middle East.

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