Just days before its landmark IPO, Lenskart Solutions has received a major vote of confidence from one of India’s most renowned value investors. Radhakishan Damani, founder of Avenue Supermarts (DMart), has invested approximately ₹90 crore in a pre-IPO funding round for the omnichannel eyewear retailer. The timing of Damani’s investment underscores growing institutional interest in Lenskart, as the company gears up for its public offering slated to open for subscription in the coming week.
Lenskart’s IPO: Scale, Strategy, and Objectives
Founded in 2010 by Peyush Bansal, it has matured into one of India’s largest eyewear retailers, boasting over 2,000 stores globally and a strong digital-first business model. With its IPO, Lenskart is looking to raise ₹2,150 crore through a fresh issue of equity shares while offering 13.22 crore shares for sale from existing investors and promoters.
The IPO proceeds are earmarked for expanding company-owned stores in India, investing in technology and cloud infrastructure, ramping up brand marketing, and exploring potential acquisitions to cement its leadership across India, Southeast Asia, and the Middle East.
Read this: Lenskart Secures SEBI’s Final Nod to Raise Rs 2,150 Crore Through IPO, Eyes Mid-November Listing
Damani’s involvement could well be a catalyst, generating further retail and institutional investor enthusiasm for one of the year’s biggest consumer tech listings. Prominent investors who will dilute part of their stake in this issue include SoftBank, Temasek, Alpha Wave Ventures, and Kedaara Capital.
Product Innovation: Smart Glasses and Tech-First Eyewear
2025 has seen Lenskart aggressively expand its product lineup. Early this year, the company debuted Lenskart Phonic, its first smart glasses integrating Bluetooth audio, AI assistant access, and hands-free functionality—a bold entry that seeks to redefine eyewear as smart technology. Lenskart’s partnership with Qualcomm and investment in Ajna Lens (specializing in extended reality and AI wearable tech) indicate further plans to integrate spatial computing and AI features into future optical products.
Beyond smart glasses, it continues to launch trend-driven eyeglasses, sunglasses, and prescription lenses through its digital and physical channels—emphasizing affordability, style, and longevity.
International Reach and Future Vision
Lenskart has built a robust omnichannel presence across India, Southeast Asia, and the Middle East, with aggressive expansion planned for FY26 using IPO funds. By blending tech innovation, retail excellence, and deeper market penetration, Lenskart hopes to become a global leader in eyewear—a vision further validated by Damani’s strategic investment.
With its IPO on the horizon and marquee investors lining up, it stands poised at the intersection of retail entrepreneurship, technology, and high-stakes capital markets—a rare moment that could reshape how India’s consumer brands build for scale and global relevance.
