)
The eyewear retailer plans its biggest store expansion in three years as it prepares for a $900 million IPO, one of India's largest public issues in 2025
The eyewear major's AI-powered B Camera Smartglasses enable phone-free QR payments through voice authentication, expanding its footprint in wearable tech
Lenskart to raise ₹2,150 crore in fresh equity while Wakefit plans a ₹468-crore issue to fund new stores, marketing and capital expenditure
Tenneco Clean Air India, Waterways Leisure Tourism, the operator of Cordelia Cruises; Shree Ram Twistex and Lamtuf are among the companies that have received regulatory approval
Lenskart has received Sebi's approval for a ₹2,150 crore IPO, comprising fresh shares and existing investor stake sales to fund store expansion, technology upgrades, and marketing
SoftBank-backed Lenskart plans to raise Rs 2,150 crore through IPO to expand CoCo stores, tech infrastructure, and branding amid rising Asian demand for prescription eyewear
Peyush Bansal-led Lenskart Solutions plans to raise ₹2,150 crore through a fresh issue of shares as part of the offering
"The company got approval for the $250 million IPO fundraise. The offer for sale (OFS) would be decided later," said a person familiar with the matter
The investment gives Lenskart access to Ajna's XR and AI tech as it plans to launch consumer-focused smart eyewear and raise $1 billion at a $10 billion valuation
The company raised $200 million from Temasek Holdings Pte and Fidelity Management & Research in June 2024 at a $5 billion valuation, according to Avendus Capital Pvt, one of the deal's advisors
Fidelity raises Lenskart's valuation to $6.1 billion as the eyewear startup prepares to go public with a $1 billion raise and a target valuation of $10 billion
"Lenskart may seek a valuation of about $8 billion in a potential offering"
Lenskart's revenue from operations rose by 43 per cent to Rs 5,427.7 crore in FY24, and due to cost-effective management, it controlled its losses by 84 per cent
Eyewear startup Lenskart is targeting a valuation of $7-8 billion and plans to list by the end of the financial year 2026
The Gurugram-based eyewear firm has signed a memorandum of understanding (MoU) with the Telangana government to establish the facility at Fab City
Existing investors like Fidelity, Kedaara Capital, are among the parties looking to increase their stakes in the initial public offering-bound company
This year, IPO-bound Lenskart raised $200 million in secondary investment from Singapore's state-owned investment firm Temasek and Fidelity
Family offices in India manage an estimated $30 billion in assets under management (AUM), a small portion compared to the global AUM of family offices, which stands at around $6 trillion
Lenskart continues to deepen its penetration in India while rapidly scaling its international presence in Asia, including Southeast Asia and the Middle East
IPO-bound SaaS platform Unicommerce is expanding its overseas operations by onboarding more clients, a top official said on Tuesday. Unicommerce is already serving 46 clients in Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia and is now expanding these operations by adding more clients. Some of its clients in these markets include the UAE-based fashion brand Redtag, the Philippines-based kids' wear brand Edamama and the UAE-based logistics player RSA Global. "After building a solid foundation in the country, international markets are a growth area for us now and we will now be expanding our operation in these overseas markets. "The domestic e-commerce market is ahead of most other markets in the region allowing us to offer future-ready solutions for our overseas clients," Kapil Makhija, managing director & chief executive told PTI Tuesday. Its domestic clientele includes Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, Boat, Portronics, Pharmeasy, GNC, .