Shark Tank judge nears billionaire status with Lenskart IPO

Lenskart, an eyewear company based in India, is preparing for an IPO in Mumbai as early as next month, aiming for a valuation of US$9 billion, according to sources.

Over 15 years ago, Peyush Bansal founded eyewear maker Lenskart Solutions Ltd. with partners he met on LinkedIn, turning it into a multibillion-dollar company.

Bansal, also known for his role as a judge on Shark Tank India, could see the value of his stake approach US$800 million after the IPO, with the potential to surpass US$1 billion if shares rise by 25% on debut.

Lenskart designs, manufactures, and sells eyewear through online and retail channels, and reported its first annual profit for the year ended March 31, 2025.

🔗 Source: Bloomberg

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Media pegs a $9 billion valuation, and Lenskart posted its first full-year profit in FY25 with ₹297.3 crore net income on ₹6,652.5 crore revenue, up 22.5% from FY24’s ₹5,427.7 crore 1
The offer combines new capital of ₹2,150 crore with share sales by SoftBank at 15.04%, Temasek at 4.86%, and founders including Peyush Bansal via OFS 1
Funds go to ₹272.6 crore for new company-owned, company-operated (CoCo) stores and ₹591.4 crore for leases 1
Another ₹213.3 crore backs tech infrastructure, with ₹320 crore for marketing 1
Peyush Bansal holds 10.28% pre-IPO, while cofounder Neha owns 7.74%, which could create wealth if the listing meets its target multiple 1

A strong Lenskart debut could restart India’s consumer-tech IPO window for late 2025 and 2026

India raised $16.2 billion in IPOs through October 15, 2025, ranking fourth worldwide, with October on track to be the busiest month ever for Indian listings 2
Food and beverage issuers have a ₹9,000 crore pipeline with over a dozen names preparing to list, mirroring consumption-driven IPO demand 3
Citi calls India’s IPO pipeline the largest on record across sectors, which implies steady deal flow into 2026 2
Tech investors and late-stage venture capitalists (VCs) will watch Lenskart to set marks for consumer-tech exits, after Urban Company’s 56.3% debut pop in September 2025 revived sentiment 4