Lenskart Solutions Ltd Company Summary

Lenskart Solutions Limited was originally incorporated as Valyoo Technologies Private Limited, under Companies Act, 1956, dated May 19, 2008, with the Registrar of Companies, New Delhi. The name of the Company was changed to Lenskart Solutions Private Limited pursuant to a fresh certificate of incorporation dated May 19, 2015. Subsequently, it has converted into a Public limited company via fresh Certificate of Incorporation dated June 16, 2025, issued by the RoC.The Company operate frame and lens design and eyeglass manufacturing facilities at two locations in India, supplemented by regional facilities in Singapore and the United Arab Emirates.

It primarily sell prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories. As of March 31, 2025, Company works 2,067 stores in India, of which, 1,757 were owned by them and 310 were franchisee-owned.The Company commenced the operations in India as an online business in 2010 and opened first retail store in New Delhi in 2013. Since then, it has scaled through both the online and offline channels and established a centralized supply chain through retail stores, websites, mobile applications, and other channels.

It commenced the international operations in 2019 by expanding to Singapore by launching a website and one store. Since then, Company has established the international footprint in Southeast Asia, Japan, and the Middle East. It acquired Owndays, a Japan and Southeast Asia-based eyewear brand, in August 2022.

In December 2024, Company launched its affordable smart glasses category through Phonic, audio-enabled smart eyeglasses, in India.Company launched the IPO by issuing 181,063,669 Equity shares of Rs 2 each by raising Rs 7278 crore, which comprised a fresh issue of 53,501,096 Equity shares amounting to Rs 2150 crore and the offer for sale of 127,562,573 Equity shares amounting to Rs 5128 crore on November 4, 2025.The Company has launched the first AI-powered B Smart glasses in 2026.