Will Lenskart Convince Markets, RENEE Nets $30 Mn & More

Will Lenskart’s Lens Convince Markets?

LensKart has set its eyes on a public listing. Last month, the omnichannel eyewear retailer filed its DRHP with SEBI to raise to INR 2,150 Cr via fresh issue and an additional OFS component of up to 13.2 Cr shares. So, what do the draft IPO papers say?

Small Share, Big Game: Lenskart commands just 4-6% of India’s fragmented $9.2 Bn eyewear space, where street-side vendors corner 76% of the market. But a sharp focus on affordability has allowed the…