India, Oct. 17 -- IPO-bound Lenskart is close to raising INR 250 Cr to INR 300 Cr in a pre-IPO round from DMart founder Radhakishan Damani and SBI Mutual Fund, sources told Inc42.

As per its DRHP, Lenskart was looking to raise up to INR 430 Cr via a pre-IPO placement.

Lenskart did not respond to Inc42's queries on the development till the time of publishing the story.

Earlier this month, the eyewear giant got SEBI's approval for its IPO which will comprise a fresh issue of up to INR 2,150 Cr and an OFS of up to 13.2 Cr shares.

The company's promoters and cofounders Peyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi, and institutional investors such as SoftBank, Temasek, Kedaara Capital, Alpha Wave Ventures, among others, will o...