AI biggest trigger for IPO: Lenskart’s Bansal

Lenskart is preparing for its Dalal Street debut on November 10, aiming for an $8 billion valuation to fund significant AI investments. The SoftBank-backed eyewear retailer plans to leverage AI for virtual try-ons and self-eye tests, building on its cost-efficiency achieved through manufacturing automation. The IPO, opening October 31, will raise Rs 7,278 crore, with founders retaining nearly 20% ownership.