Ivier retailer preparing to bring IPO Lenscart (Lenskart) is expected to be $ 75.5 million in FY 2024-25. In Indian currency, this amount sits around Rs 6415 crore. This includes revenue from both domestic and international trades. Moneycontrol has reviewed the company’s internal documents. The company is preparing to list the stock market by the end of this year.
Lenskart’s revenue in FY 2023 was $ 44.3 million and $ 64.5 million in FY 2024. During these two financial years, the company’s revenue rose 46 percent on an annual basis. At the same time, from FY 2024 to FY 2025, the revenue growth of Lenscart can be recorded at 17 percent on an annual basis.
How much revenue from India’s business
Lenskart’s large part of Lenskart’s $ 75.5 million sales in the financial year 2025 is from its Indian business. Lenscart estimates that the Indian business will record 45.5 million dollars (Rs 3,865 crore) from the Indian business in FY 2025. At the same time, the remaining $ 30 million (Rs 2,550 crore) will be from the international operations. Since the financial year 2023, 60 percent of Lenskart’s revenue has come from India and the rest from international markets, especially South East Asia (SEA).
According to the document, Lenskart’s average cost price is $ 8, ie 682 rupees and average selling price is $ 28, ie 2380 rupees. This means that a gross margin of 70 percent. During April-September 2024, the company had a cash of about $ 20 million.
Can bring $ 1 billion $
Moneycontrol has come to know from sources that the company is thinking of bringing a public issue of more than $ 1 billion. For this, the draft Red Herring Prospectus (DRHP) is in the final stage to deposit the capital market regulator SEBI. Lenskart was started in 2008 by Piyush Bansal, Amit Chaudhary, Neha Bansal and Sumit Kapahi. Piyush Bansal has been seen as a judge in the reality show Shark Tank India. Lenskart has developed as India’s largest Omni-Chal Iewear brand. It is not only present online, but also has more than 2,000 physical stores.
Who included investors
Lenskart has money from major investors like SoftBank, Temasake, Abu Dhabi Investment Authority (ADIA), Alpha Wave Global, KKR, Kedara Capital and TPG. Lenskart has officially become a public company. The Board of Lenskart passed a special resolution to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited on 30 May 2025.