<ul data-eligibleForWebStory="true"><li>Fidelity has marked up Lenskart's valuation to $6.1 billion, a 21% increase compared to the previous valuation of $5 billion.</li><li>Lenskart is considering a $1 billion IPO at a potential $10 billion valuation, according to reports.</li><li>Crossover funds like Fidelity review portfolio company valuations periodically based on various factors.</li><li>Lenskart converted into a public company and changed its name in preparation for a public listing.</li><li>The company closed a $200 million round last year at a $5 billion valuation with investments from Temasek and Fidelity.</li><li>Founders of Lenskart had invested $20 million in the company in 2024.</li><li>Lenskart had earlier raised $600 million with a valuation of $4.5 billion in a round in March 2023.</li><li>Lenskart won the Startup of the Year award at The Economic Times Startup Awards 2024.</li><li>In FY24, Lenskart's net loss reduced to Rs 10 crore, operating revenue rose 43%, and Ebitda more than doubled.</li><li>Financial statements for fiscal year 2025 are yet to be filed by Lenskart.</li></ul>

Fidelity marks up IPO-bound Lenskart's valuation to $6.1 billion

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