SEBI has given the green light to Lenskart’s IPO plans. This move confirms Lenskart as a leading D2C startup in India, ready for the public market, and shows the Indian D2C industry is maturing.
Lenskart’s IPO includes ₹2,150 crore in new shares, plus existing investors and promoters selling up to 13.2 crore shares. Big names like SoftBank’s SVF II, Alpha Wave Ventures, Temasek affiliates, Premji Invest, and Kedaara Capital are part of this sale. Peyush Bansal will sell about 2 crore shares, with co-founders Neha Bansal, Amit Chaudhary, and Sumeet Kapahi selling smaller amounts.
Currently, Lenskart’s promoters own nearly 20% of the company, with the rest held by institutions and other shareholders. The money from the new shares will go towards growing the brand, improving the supply chain, and expanding its omnichannel approach, which combines D2C retail with e-commerce for better reach and profits.
Lenskart’s IPO comes after a strong financial year. The company reported a profit of ₹297.3 crore in FY25, a big jump from a ₹10.2 crore loss in FY24. Revenue increased by 23% to ₹6,652.5 crore, with a two-year growth rate of 33%. Gross margins rose to 69%, thanks to efficient operations. These numbers make Lenskart a top-performing D2C brand in FY25.
Founded in 2008 by Peyush Bansal, Lenskart was a pioneer in the Indian direct-to-consumer eyewear market. With over 2,000 stores worldwide and a strong online presence, it’s a prime example of omnichannel success. Lenskart balances technology, retail, and customer experience well.
Lenskart’s IPO follows similar moves by other D2C startups like Meesho, PhysicsWallah, and Groww, showing investor confidence in the Indian D2C market. With better finances and international growth plans, Lenskart represents a turning point for D2C startups in India.
Lenskart’s success shows how VC-backed D2C brands are changing the market, focusing on profits and sustainability. The IPO approval is expected to increase investor interest in other well-funded D2C brands.
As a well-known D2C brand in India, Lenskart’s listing is important for the country’s D2C industry. It signifies that innovation, growth, and profits can coexist. For those watching the Indian D2C space, this is a key moment, where D2C brands are building for the long term.
