The investment comes in advance of Lenskart’s IPO, which is scheduled for Friday, October 31, 2025.
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As part of the transaction, Neha Bansal, one of the promoters of Lenskart, who held 7.61% of the company’s pre-offer paid up share capital (on a fully diluted basis) before the transfer, sold 2,487,561 shares. After the transaction, her stake will be 7.46% on a fully diluted basis. The share sale is not part of the IPO offer for sale. Last week, billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), invested about 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 go public 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 finance 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 extensive retail network.
The company plans to use 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 started as an online eyewear platform in 2010 and opened its first physical store in New Delhi in 2013. Over time, it has emerged as one of India’s most prominent consumer brands in the eyewear segment, driven by its mission to make high-quality eyewear accessible and affordable to all.
The brand targets various 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 SL, owner of eyewear brand Meller, for Rs 4,063.93 million. Stellio’s products are mainly sold online and through a store in Barcelona, ​​Spain.
In fiscal 2025, the company launched 105 new internally designed and developed collections globally, including collaborations with several brands and celebrities. During the year, Lenskart sold 27.2 million units of eyewear through 12.41 million customer accounts in India and abroad.
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