Ivier store making ready to deliver IPO Lenscart (Lenskart) is anticipated to be $ 75.5 million in FY 2024-25. In Indian foreign money, this quantity sits round Rs 6415 crore. This contains income from each home and global trades. Moneycontrol has reviewed the corporate’s inside paperwork. The corporate is making ready to record the inventory marketplace through the top of this yr.
Lenskart’s income in FY 2023 was once $ 44.3 million and $ 64.5 million in FY 2024. Throughout those two monetary years, the corporate’s income rose 46 % on an annual foundation. On the similar time, from FY 2024 to FY 2025, the income expansion of Lenscart may also be recorded at 17 % on an annual foundation.
How a lot income from India’s industry
Lenskart’s huge a part of Lenskart’s $ 75.5 million gross sales within the monetary yr 2025 is from its Indian industry. Lenscart estimates that the Indian industry will document 45.5 million bucks (Rs 3,865 crore) from the Indian industry in FY 2025. On the similar time, the remainder $ 30 million (Rs 2,550 crore) shall be from the global operations. For the reason that monetary yr 2023, 60 % of Lenskart’s income has come from India and the remainder from global markets, particularly South East Asia (SEA).
In keeping with the record, Lenskart’s reasonable price worth is $ 8, ie 682 rupees and reasonable promoting worth is $ 28, ie 2380 rupees. Because of this 70 % gross margin. Throughout April-September 2024, the corporate had a money of about $ 20 million.
Can deliver $ 1 billion $
Moneycontrol has come to understand from resources that the corporate is considering of bringing a public factor of greater than $ 1 billion. For this, the draft Purple Herring Prospectus (DRHP) is within the ultimate degree to deposit the capital marketplace regulator SEBI. Lenskart was once began in 2008 through Piyush Bansal, Amit Chaudhary, Neha Bansal and Sumit Kapahi. Piyush Bansal has been observed as a pass judgement on within the truth display Shark Tank India. Lenskart has evolved as India’s greatest Omni-Chal Iewear emblem. It isn’t handiest provide on-line, but in addition has greater than 2,000 bodily shops.
Who integrated traders
Lenskart has cash from main traders like SoftBank, Temasake, Abu Dhabi Funding Authority (ADIA), Alpha Wave International, KKR, Kedara Capital and TPG. Lenskart has formally turn out to be a public corporate. The Board of Lenskart handed a different solution to switch its identify from Lenskart Answers Non-public Restricted to Lenskart Answers Restricted on 30 Might 2025.