Lenskart Sets Sights On IPO, Krutrim Cuts 100 Jobs & More

Lenskart Eyes D-Street Debut

Eyewear titan LensKart is gearing up for its biggest move yet — a public markets debut. It has received the shareholder nod to raise INR 2,150 Cr ($248.7 Mn) through a fresh issue, part of the broader $1 Bn IPO that will also comprise an offer for sale component. 

Making Strategic Moves Ahead of IPO: The shareholder approval comes amidst a flurry of strategic manoeuvres. The company’s board recently granted in-principle nod to issue equity shares worth INR 430 Cr to certain investors, while also allotting 72.8…