India’s eyewear giant is stepping into the IPO spotlight and it’s doing so with structure, clarity, and long-term vision. At its 17th Annual General Meeting, Lenskart received shareholder approval to raise ₹2,150 crore through a fresh issue of shares setting the stage for one of the most anticipated public listings in India’s consumer tech space.
While the official DRHP filing is still awaited, insiders suggest the company may be eyeing a $1 billion IPO at a potential $10 billion valuation a sharp jump from its $5 billion mark last year.
But capital isn’t the only story here.
Lenskart also announced its new ESOP 2025 plan, allocating 72.8 lakh stock options, including 21.84 lakh shares earmarked for leadership roles (GM-level and above). This signals a clear intent to align team incentives with long-term public market performance.
Additionally, co-founder Peyush Bansal will receive an annual compensation of ₹6 crore, while Neha Bansal and Amit Chaudhary will each draw ₹3 crore.
The company also strengthened its board with the appointment of Sayali Karanjkar (co-founder, PaySense) and Ashish Kashyap (founder, IndWealth; ex-Goibibo) as independent directors both seasoned operators with experience in public-facing consumer tech.
In FY25, Lenskart reported revenue of ₹6,415 crore, marking an 18% YoY growth, with over $200 million in cash reserves — positioning itself strongly as it moves toward public markets.
Lenskart’s story is no longer just about D2C or omnichannel retail.
It’s now about governance, global expansion, and IPO-era discipline a rare blueprint for Indian consumer startups aiming to scale with credibility.
Follow StartupStoryIndia for more stories where startup ambition meets public-market readiness.
