Lenskart has reportedly kicked off the process of its initial public offering (IPO) and is planning to file its draft papers by May
The company is set to enter the public markets with a $10 Bn (INR 86,765 Cr) valuation, double its previous funding round
This comes weeks after the startup reportedly roped in bankers Kotak Mahindra Bank and Morgan Stanley for its IPO
Omnichannel eyewear retailer LensKart
has reportedly kicked off the process of its initial public offering (IPO) and is planning to file its draft papers by May.
As per ET, citing people close to the matter, the company is set to enter the public markets with a $10 Bn (INR 86,765 Cr) valuation, double its previous funding round.
Inc42 has reached out to Lenskart for comments on the development. The story will be updated based on the response.
This also comes weeks after the startup reportedly roped in bankers Kotak Mahindra Bank and Morgan Stanley for its IPO.
The company has onboarded these two bankers for its potential IPO in Mumbai this year.
(The story will be updated soon.)