Lenskart to speed up store expansion ahead of $10 bn IPO

Eyewear retailer Lenskart plans to add 450 stores in the current financial year, its fastest expansion in three years, as the company prepares for a public listing that could value it as much as $10 billion.

- PEERZADA ABRAR

The addition would increase Lenskart’s store count to over 3,150 across 14 countries, representing a 34 per cent acceleration from the 334 stores opened last year. The company expects to raise as much as *8,000 crore ($900 million) through its initial public offering, which could debut before November 12, according to people familiar with the matter.