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flag Lenskart’s upcoming $9B IPO could make founder Peyush Bansal a billionaire.

flag Peyush Bansal, founder of India’s Lenskart, is on the verge of becoming a billionaire as the eyewear company prepares for a potentially $9 billion IPO in Mumbai, expected as early as November 2025. flag The IPO could value Bansal’s stake at nearly $800 million, rising to over $1 billion if shares surge 25% on debut. flag Lenskart, which designs, manufactures, and sells eyewear online and through 2,723 stores, reported its first full-year profit in 2024 and is expanding in Southeast Asia. flag The company uses robotic production with German machinery and a digital platform, while relying on China for over a third of materials—mitigated by a new 50-acre manufacturing facility in Hyderabad. flag Backed by SoftBank and Fidelity, Lenskart’s IPO signals renewed investor confidence in founder-led, profitable tech ventures amid a challenging startup climate.

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