Lenskart's IPO: A Seven Billion Dollar Valuation

Lenskart, Indias eyewear retailer, saw its IPO shares recover, closing above its initial offering price. The IPO raised $821 million, aiming for a $7.9 billion valuation, placing it among Indias most highly valued consumer brands. CEO Peyush Bansal confirmed the IPO was fairly priced, with plans to use funds for expansion, technology, marketing, and potential acquisitions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.