The investment comes ahead of Lenskart’s Initial Public Offering (IPO), scheduled to open on Friday, October 31, 2025.
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As part of the transaction, Neha Bansal, one of Lenskart’s promoters, who held 7.61% of the company’s pre-offer paid-up equity share capital (on a fully diluted basis) prior to the transfer, sold 2,487,561 equity shares. Following the transaction, her stake stands at 7.46% on a fully diluted basis. The share sale is not part of the IPO’s Offer for Sale.Last week, billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), invested around Rs 90 crore in Lenskart through a pre-IPO transaction, according to people familiar with the matter.
Lenskart’s existing investors include Alpha Wave Ventures LP, Bay Capital Holdings Ltd, Chiratae Trust, IDG Ventures India Fund III LLC, Kariba Holdings IV Mauritius, Kedaara Capital Fund II LLP, Kedaara Norfolk Holdings Limited, and MacRitchie Investments Pte. Ltd., among others.
Lenskart IPO details
Eyewear retailer Lenskart is gearing up for its stock market debut, with its initial public offering (IPO) opening for public subscription on Friday, October 31, 2025. The offer will remain open for three days and close on Tuesday, November 4, 2025, while the company is expected to list on November 10, 2025.The company has set a price band of Rs 382–Rs 402 per equity share (face value Rs 2 each). The IPO aims to raise fresh capital to fund business expansion and provide an exit route for early investors.
Founded in 2008 by Peyush Bansal, Lenskart is one of India’s largest omni-channel eyewear retailers, offering a wide range of affordable and stylish prescription glasses, sunglasses, and contact lenses through its online platform and vast retail network.
The company plans to utilise the net proceeds from the IPO to open new company-owned, company-operated (CoCo) stores in India, meet lease and rental payments, strengthen technology and cloud infrastructure, support brand marketing, pursue inorganic acquisitions, and cover general corporate purposes.
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Founded in 2008, Lenskart began as an online eyewear platform in 2010 and opened its first physical store in New Delhi in 2013. Over time, it has evolved into one of India’s most prominent consumer brands in the eyewear segment, driven by its mission to make quality eyewear accessible and affordable for all.
The brand caters to diverse consumer segments through multiple sub-brands — John Jacobs and Owndays (acquired in 2022) in the premium category, and Lenskart Air, Vincent Chase, Hustlr, and Hooper Kids in the affordable and mid-range categories.
As part of its international expansion, Lenskart recently agreed to acquire the remaining 80% stake in Stellio Ventures S.L., owner of the Meller eyewear brand, for Rs 4,063.93 million. Stellio’s products are primarily sold online and through a retail outlet in Barcelona, Spain.
In FY2025, the company launched 105 new in-house designed and engineered collections globally, including collaborations with various brands and celebrities. During the year, Lenskart sold 27.2 million eyewear units across 12.41 million customer accounts in India and overseas.