Lenskart raises $821 million in IPO, plans 'B by Lenskart' AI glasses with Qualcomm

Indian eyewear retailer Lenskart closed its IPO on November 10, 2025, raising $820.79 million at a valuation of about ₹70,000 crore (roughly $8 billion); the offering was fully subscribed on its first day. Ahead of the listing, Lenskart announced a partnership with Qualcomm (unveiled at Snapdragon for India XR Day, July 2025) to co-develop AI and AR solutions, and said it planned to launch its first AI-powered smart glasses, internally named 'B by Lenskart', by the end of December 2025, built on Qualcomm's Snapdragon AR1 Gen 1 chip. Lenskart also invested in Mumbai-based XR startup Ajna Lens as part of its wearables push.