Eyewear giant Lenskart has become a public company in preparation for a potential $1 billion IPO.
Lenskart's board approved the name change to Lenskart Solutions Limited, indicating readiness to list on Indian stock exchanges.
The company is in talks with investment banks to lead the IPO process, setting sights on a public issue exceeding $1 billion.
Founded in 2008, Lenskart operates over 2,000 stores in India, entered the unicorn club in 2019, and recently raised funds at a valuation of $5 billion.