In a major boost ahead of its much-anticipated public offering, eyewear unicorn Lenskart is set to raise around INR 300 crore in a pre-IPO funding round from marquee investors including Radhakishan Damani, founder of retail giant DMart, and SBI Mutual Fund (SBI MF). The investment marks a strong vote of confidence from India’s top institutional and retail investors in Lenskart’s business model, growth trajectory, and profitability prospects.
A Strategic Pre-IPO Move
According to people familiar with the development, the pre-IPO funding round will value Lenskart at nearly $5 billion, consistent with its last known valuation. This round is expected to strengthen the company’s balance sheet a
...
