Lenskart getting ready to nominate bankers to launch $1 billion IPO – INA NEWS
Glasses promoting startup Lenskart is getting ready to nominate bankers for its IPO. Sources have given this data to Moneycontrol. The corporate intends to lift $750 million to $1 billion via IPO. A supply stated, ‘The corporate is eyeing a valuation of $7-8 billion and its itemizing might occur by the top of FY 2026.’
Lenskart CEO and co-founder Piyush Bansal didn’t reply to Moneycontrol’s questions. The corporate had suffered a lack of Rs 10 crore in FY 2024, whereas its income throughout this era was Rs 5,427 crore. If the corporate’s itemizing plan is profitable, it should additionally be part of the brand new age firms like Swiggy, Zomato and Paytm, which have lately deliberate to launch an IPO.
Contract producer Zetwek, SoftBank’s funding arm OfBusiness and fintech unicorn Pine Labs are additionally getting ready to lift $ 1 billion via IPO within the close to future. In complete, about 25 startups are getting ready to enter the inventory market in 2025. These embody fast commerce firm Zepto, development materials platform Infra.market, AI unicorn Fractal and edutech startup PhysicsWallah. All these firms are concentrating on an IPO of $500 million.
Lenskart getting ready to nominate bankers to launch $1 billion IPO
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