Lenskart Company Profile, Funding News & Updates

By expanding Meller in India, Lenskart is boosting its premium and fashion eyewear options to attract younger buyers.

The IPO will open on October 31 and close on November 4. It includes a fresh issue of shares worth up to ₹2,150 crore and an offer for sale of up to 127.5 million shares by existing shareholders.

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.

Lenskart aims to raise ₹2,150 crore in fresh capital, while existing investors plan to sell 132.28 million shares via an offer for sale (OFS).

At its annual general meeting held on Saturday, shareholders agreed to raise ₹2,150 crore (around $250 million) through the IPO. Sources familiar with the matter said the total issue size could go up to $1 billion.

Omnichannel eyewear retailer Lenskart is preparing for its initial public offering (IPO) that it has started discussions with bankers for its IPO, aiming to raise between $750 million and $1 billion

Indian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Indian Startups Funding Roundup – July 15 – July 19, 2024.

Lenskart, a store specialising in eyewear, has secured an investment of around $20 million from its co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi.

Wingify, Inshorts, Delhivery, Youth4work, DogSpot, Stanza Living, Gaana, Zostel, Lenskart, MobiKwik, LimeTray, Snapdeal, Collegedunia, Hike, GoldSeat, Revfin, Chaayos, 3Hcare, Ikka Dukka, and Zomato are the Top 20 Best Startups in Delhi.

Neso Brands, a house of brands startup focused on eyeglasses and supported by Lenskart, has purchased a sizeable share in the Paris-based omnichannel eyewear company Le Petit Lunetier.