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IPO Valuation Target: Lenskart is aiming for a $10 billion valuation in its upcoming IPO, doubling its 2024 valuation.
IPO Size and Timeline: The company plans to raise $1 billion through the IPO, with plans to file its draft red herring prospectus (DRHP) by May 2025 and list within the same year.
Financial Performance: Lenskart has shown strong revenue growth and reduced losses, aiming for full profitability ahead of the IPO.
Strategic Acquisitions: It has expanded its operations through key acquisitions, including the purchase of Japanese eyewear brand Owndays for $400 million in 2022.
Market Conditions: The IPO's final valuation and timing will depend on market conditions at the time of the launch.
Industry Context: Lenskart joins a wave of Indian startups like Zepto, Groww, Bluestone, PharmEasy, Oyo, Ather Energy, and Zetwerk, which are also planning public listings in 2025.
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