Lenskart Solutions Limited IPO

Lenskart Solutions Ltd. was founded in 2008 and is a tech-enabled eyewear firm engaged in the design, manufacturing, branding, and retailing of prescription eyeglasses, sunglasses, contact lenses, and accessories. Its core market is India, and according to the Redseer Report, FY 2025 was the year in which the highest volume of eyeglasses were sold in India by the company.

The company operates on a direct-to-consumer model, selling a wide variety of eyewear under its own brands and sub-brands to all segments of the population and price points. During FY 2025, 105 new collections were introduced in the market, including co-operations with prominent brands and personalities.

As of March 31, 2025, Lenskart had 2,723 stores in the world—2,067 in India and 656 abroad—with 1,757 owned stores and 310 franchised stores in India. Remote eye examination is available through 136 optometrists across 168 stores in India and select international markets, such as Japan and Thailand.

Production is based in Bhiwadi and Gurugram with backing regional facilities in Singapore and the UAE. This arrangement facilitates next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for single-vision prescription eyewear.

The firm reported revenues of ₹37,880.28 million, ₹54,277.03 million, and ₹66,525.17 million during FY 2023, 2024, and 2025 respectively, reflecting year-on-year growth consistently. The firm's apps have received more than 100 million cumulative downloads and have a total of 532 technologists.