Fidelity, a leading global investment firm, has increased the valuation of Lenskart to $6.1 billion — up from $5 billion, signaling strong confidence ahead of the company’s anticipated $1 billion IPO planned at a $10 billion valuation.
🔍 Lenskart Valuation $6.1 Billion — What’s Driving It?
- The increase is reported as a 21–22% mark-up in Fidelity’s April 30 portfolio valuation, compared to its previous $5 billion assessment earlier this year
- This adjustment underscores improving market conditions and Lenskart’s financial performance ahead of its public listing .
📈 Financial Momentum Behind the Move
- In FY24, Lenskart trimmed its net loss drastically—from ₹64 crore to just ₹10 crore—indicating deeper cost-efficiencies
- Operating revenue surged by 43% to ₹5,428 crore, while EBITDA more than doubled to ₹856 crore — both key factors contributing to higher valuations
🌍 IPO Plans & Strategic Moves
- Lenskart, based in Gurugram and co-founded by Peyush Bansal, reclassified itself as a public company (Lenskart Solutions Limited), signaling its public market entry strategy
- It is now planning a $1 billion IPO targeting a $10 billion valuation, underpinned by robust investor backing and financial momentum
🧬 Background & Market Position
- Established in 2010, Lenskart has grown into India’s largest integrated eyewear platform, with 2,000+ stores in India and a presence across Southeast Asia, East Asia, the Middle East, and the US
- The brand’s efficient vertical integration—manufacturing in-house and scaling via acquisitions (e.g., Owndays, Le Petit Lunetier)—has fueled dramatic topline and value expansion business-standard
🔮 Why This Increase Matters
- A $6.1 billion valuation just ahead of an IPO elevates Lenskart among India’s most valuable consumer tech firms.
- It reflects escalating investor faith in its sustainable growth, profitable business model, and post-IPO upside potential.
- Given its sharp financial gains and loyal customer base, Lenskart is positioning itself for a blockbuster public debut—likely to redefine retail IPO benchmarks in India.
