Lenskart & Wakefit Secure SEBI Approval for IPOs Worth Over ₹2,600 Crore
Two of India’s leading consumer brands,Lenskart and Wakefit, have received approval from the Securities and Exchange Board of India (SEBI) to launch their Initial Public Offerings (IPOs). Together, they aim to raise more than ₹2,600 crore, marking a major milestone for India’s startup ecosystem.
Lenskart’s ₹2,150 Crore IPO: Expanding Its Vision
Founded in 2010 by Peyush Bansal, Lenskart has become India’s top omnichannel eyewear retailer, with over 2,000 stores in India and a growing international presence across 656 outlets worldwide.
The company plans to raise ₹2,150 crore through a combination of fresh equity issue and an Offer for Sale (OFS) from existing investors, including SoftBank’s SVF II Lightbulb, Schroders Capital, Macritchie Investments, and Alpha Wave Ventures.
Key purposes of the IPO include:
- Expanding company-owned retail stores
- Enhancing its technology and cloud infrastructure
- Exploring potential acquisitions
- Supporting general corporate needs
In FY 2025, Lenskart reported an impressive operating income of ₹6,652 crore, up from ₹5,427 crore in FY24. The company also returned to profitability, posting a net profit of ₹297 crore, compared to a small loss in the previous year.
With the eyewear market expected to grow rapidly in India, analysts believe Lenskart’s IPO will attract strong investor interest. The brand was valued at $6.1 billion (around ₹50,000 crore) as of September 2025.
Wakefit’s ₹468 Crore IPO: Dreaming Bigger in the Home Solutions Space
Founded in 2016 by Ankit Garg and Chaitanya Ramalingegowda, Wakefit Innovations started as a sleep solutions brand offering mattresses and pillows but has since expanded into furniture and home décor.
The company aims to raise ₹468 crore through its IPO, which includes both a fresh issue of shares and an Offer for Sale by promoters and investors like Peak XV Partners, Verlinvest, Investcorp Funds, Redwood Trust, and Paramark KB Fund I.
Fund allocation from the IPO:
- ₹82 crore for opening 118 new stores
- ₹145 crore for lease and license payments
- ₹15 crore for equipment purchases
- ₹108 crore for advertising and marketing
Wakefit currently operates five manufacturing units in Karnataka, Haryana, and Tamil Nadu. In FY24, the company generated ₹1,017 crore in revenue while reducing its losses to ₹15 crore, showing strong signs of financial improvement.
What This Means for India’s Startup Ecosystem
The SEBI approval for Lenskart and Wakefit’s IPOs highlights a positive trend for Indian consumer startups. Both companies represent India’s growing D2C (Direct-to-Consumer) movement—brands that directly connect with customers while maintaining control over manufacturing, quality, and branding.
These IPOs will not only help both brands strengthen their market presence but also inspire more Indian startups to enter the public markets in the coming years.
As they gear up for their public debut, all eyes will be on how investors respond to these consumer-focused businesses that have reshaped their industries through innovation and trust.
Conclusion
The IPO plans of Lenskart and Wakefit mark a defining moment for Indian startups. From eyewear to furniture, these brands have built strong consumer trust through quality, affordability, and technology. With SEBI’s green light, both are ready to take their next big leap—onto the stock market.
✅ In short:
Lenskart’s ₹2,150 crore IPO + Wakefit’s ₹468 crore IPO = Over ₹2,600 crore of fresh confidence in India’s startup story.
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