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.