Lenskart Valuation Rockets Up 21% — Is the $10 Billion IPO Just Around the Corner?
New Delhi, June 13, 2025 — In a strong vote of investor confidence, US-based financial services firm Fidelity has increased the Lenskart valuation in its portfolio to $6.1 billion, a 21% rise from the $5 billion value at which it acquired shares in the company. This revised valuation comes amid growing anticipation around Lenskart’s upcoming IPO plans.
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According to Fidelity’s monthly portfolio disclosure, the updated Lenskart valuation is based on data as of April 30, taking into account market conditions, the company’s financial performance, and comparisons with industry peers.
The Gurugram-based omnichannel eyewear giant is reportedly planning a $1 billion public offering that could push the Lenskart valuation up to $10 billion, doubling the value from its last funding round. In preparation for this, Lenskart recently restructured its corporate status, officially changing its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited.
Funding Trajectory and Founder Confidence
In June 2024, Lenskart completed a $200 million secondary funding round at a Lenskart valuation of $5 billion, attracting investments from Fidelity and Singapore’s sovereign wealth fund Temasek. A month later, co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi reinforced their commitment by injecting $20 million of personal capital into the business.
Prior to that, in March 2023, Lenskart raised $600 million, including $450 million in secondary share sales, from Abu Dhabi Investment Authority and ChrysCapital, establishing a Lenskart valuation of $4.5 billion at that time.
Industry Recognition and Future Outlook
Lenskart’s rapid growth and innovative omnichannel model earned it the Startup of the Year title at the Economic Times Startup Awards 2024. With the revised Lenskart valuation and strong investor backing, the company is positioning itself as one of the most anticipated IPO candidates in India’s consumer retail space.
If the proposed IPO and projected valuation materialize, Lenskart will not only reinforce its status as a market leader in eyewear but also serve as a benchmark for high-growth Indian startups transitioning to the public markets.
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