Lenskart Eyeing $10 Bn Valuation In IPO: Report

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SUMMARY

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.)





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Lenskart Eyeing $10 Bn Valuation In IPO: Report


SUMMARY

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.)





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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