eCommerce
Lenskart Turns Into A Public Entity Ahead Of Its IPO
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SUMMARY
In an extraordinary meeting called on May 30, Lenskart’s board passed a special resolution to change the name of the company to “Lenskart Solutions Limited”
This comes five months after reports first surfaced that the eyewear unicorn had initiated talks with bankers for a $750 Mn to $1 Bn IPO at a valuation of $7-8 Bn
The eyewear unicorn has also roped in Kotak Mahindra Bank and Morgan Stanley to helm the IPO and is looking to raise a pre-IPO round of about $1 Bn
Omnichannel eyewear giant LensKart
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