Eyewear retailer Lenskart Solutions Ltd. is preparing to launch its initial public offering (IPO) soon. Ahead of the IPO, Avenue Supermart's founder, Radhakishan Damani, and SBI Mutual Fund are likely to invest ₹ 200 crore in the company, Moneycontrol reported on Saturday.

The company’s rapid growth, expanding market share and strong brand presence are among the factors that are appealing to the prominent investors. This is expected to further fuel demand when the IPO hits the market.

According to the Moneycontrol report, Damani and SBI Mutual Fund are likely to invest ₹100 crore each in the eyewear retailer. The investment is expected to be made through secondary share purchases, ahead of Lenskart’s upcoming IPO.

For SBI Mutual Fund, this would be its second major investment in a new-a

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