<ul><li>Lenskart has converted into a public entity in preparation for its IPO, changing its name to "Lenskart Solutions Limited".</li><li>The company aims to undertake its IPO on one or more stock exchanges, with reports indicating a valuation of $7-8 billion.</li><li>Lenskart roped in Kotak Mahindra Bank and Morgan Stanley for its IPO, with plans for a pre-IPO round of around $1 billion.</li><li>The startup's financials show a significant improvement, with its net loss narrowing by 84% in FY24, while operating revenue increased by 43%.</li></ul>

Lenskart Turns Into A Public Entity Ahead Of Its IPO

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