Lenskart secures INR 90 Cr from Radhakishan Damani Ahead of IPO

Lenskart raised INR 90 Cr from DMart’s Radhakishan Damani ahead of its IPO, which SEBI cleared for a INR 2,150 Cr fresh issue. Targeting an $8 Bn valuation, the IPO is set for early November. Founders and investors, including SoftBank, will offload shares as Lenskart expands CoCo stores, cloud systems, and AI-driven eyewear with AjnaLens. FY25 profit: INR 297.3 Cr on INR 6,652.5 Cr revenue.