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IPO-Bound Lenskart’s Peyush Bansal To Acquire 2% Stake From Investors

  • Lenskart's CEO Peyush Bansal is looking to acquire 1.5% to 2% stake from existing investors at around $150 Mn.
  • The stake is expected to be bought at a valuation of $7 Bn to $8 Bn.
  • Negotiations are ongoing, and the transaction is likely to close in four to six weeks before filing draft IPO papers.
  • Lenskart, founded in 2010, is an omnichannel eyewear retailer aiming for a public listing amid the IPO boom of tech companies, with recent financial growth and strategic investments.

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