In 2010, Peyush Bansal decided to change India’s eyewear industry after returning to India to pursue entrepreneurship. Lenskart was launched along with Amit Chaudhary and Sumeet Kapahi, as an online portal for contact lenses. However, soon the platform expanded and incorporated prescription glasses and sunglasses.
Peyush Bansal identified the gap in Indian eyewear industry that was unorganized and dominated by local opticians with limited variety and inconsistent pricing. Using technological innovations like 3D try-on services and online eye checkups, Lenskart changed customer experiences without compromising with quality and affordability. After more than a decade, today the company has over 2,000 retail stores across India and many in international markets, following a hybrid operational model.
Lenskart Net Worth, Share Price, Revenue
After achieving unicorn status in 2019, the company continues to attract investors, fueling its growth and market leadership. For the current year, Lenskart’s net worth as per market capitalization is up to $6.1 billion and the company has planned its IPO at a $10 billion valuation.
The company is not yet listed on Indian stock exchanges but the price of its unlisted shares as per December 2023 was around ₹1,850. The price rose to nearly ₹2,500 by March 2024 end.
As for revenue, Lenskart has seen an impressive growth over the years: FY24, operating revenue ₹5,428 crore, a 43% increase from ₹3,788 crore in FY23.
A major part of this revenue (95%) was sourced from eyewear product sale, rest came from eye check-ups and membership programs. Also, in FY24, Lenskart managed to reduce its losses to ₹10 crore, which in previous year was close to ₹64 crore.
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was around ₹856 crore, more than double the previous year’s figure. Talking about the current year, Lenskart’s annual revenue run rate is $1 billion (around ₹8,400 crore).
| NAME | Lenskart |
|---|---|
| Founder/CEO | Peyush Bansal (Founder & CEO) |
| Net worth | $75 million (Peyush Bansal) ₹600 crore (Peyush Bansal) |
| Valuation | $6.1 billion (June 2025) ₹50,000 crore (approx.) |
| Revenue | $1 billion (annual run rate, mid-2025) ₹8,400 crore (annual run rate, mid-2025) ₹5,428 crore (FY24) |
| Stock price | ₹2,500 (unlisted share price, March 2024) |
About Lenskart
Lenskart is different from the regular optical, because unlike them, it offers virtual try-on features and AI-driven personalized recommendations. Annually, the Rajasthan manufacturing unit produces around 5 crore glasses fulfilling the requirement of the company’s wide SKU list that includes, sunglasses, contact lenses, accessories, and eyeglasses.
The company has aquired majority stake in Owndays (Japanese eyewear brand) through the raised capital from its global investors like Fidelity, Temasek, and SoftBank. By the mid-2025, Lenskart has converted into a public limited company, Lenskart Solutions Limited, under the leadership of co-founder and CEO Peyush Bansal.
Lenskart Net Worth and Valuation
According to Financial Express, the net worth of Lenskart as per market capitalization is $6.1 billion (approximately ₹50,000 crore) for the current financial year. This shows an increase from previous years. Also, with plans to go public by mid-2025, the company is targeting a valuation of $8–10 billion (₹65,000–83,000 crore) for its upcoming IPO.
Lenskart Revenue
In recent years, Lenskart’s revenue has grown incredibly with losses reduced to a large extent. For FY24, reported operating revenue was ₹5,427.7 crore, reflecting a 43% year-on-year increase from the previous year. EBITDA for 2024 was recorded at ₹856 crore, up from ₹403 crore in FY23.
As per BWMarketing World, by mid-2025, Lenskart has already crossed $1 billion annual revenue run rate, equivalent to over ₹8,400 crore, as it continues expanding its store network and digital presence.
Lenskart Share Price and Market Share
Although the company is not listed on any public stock exchange as of July 2025, but its unlisted share price in recent private transactions, have been valued at around ₹2,500 per share (as of March 2024). Following this, its planned IPO is expected to value the company between $8-10 billion.
Talking about the market share, so Lenskart, being the leader in India’s eyewear retail sector commands up to 90% of the organized eyewear market nationally. With the annual growth rate of 15% t 18%, serving more than 30 million customers annually, exceeds the overall market expansion, i.e., 9-11% per annum.
With its varied products and omnichannel strategy, the company is aggressively expanding into Tier 2 and Tier 3 cities.
Owner Net Worth
Peyush Bansal, owner of Lenskart’s net worth is estimated to be around ₹600 crore (approximately $75 million), sourced from multiple sources with major portion coming from the company, along with equity in several startups and other companies.
Find out in detail about Peyush Bansal net worth, house, cars, and investments, here.
Investments and Acquisitions
As for key acquisitions, Lenskart aquired OWNDAYS (Japan’s eyewear brand) in 2022. Peyush Bansal owns a majority stake in the company, valuing approximately $400 million. Through this deal, Lenskart has expanded internationally, especially in Japan and Southeast Asia.
Then recently, the company has acquired a majority stake (17.11%) in GeoIQ, valuing $15–20 million. The company is a location intelligent startup.
Other than these, in July 2025, Lenskart has invested in AjnaLens, a Mumbai-based deeptech startup specializing in XR (extended reality) and AI-powered smart glasses. Also, a considerable investment was made in the French eyewear brand Le Petit Lunetier.
