Lenskart Plans $1 Billion IPO with 5 Investment Banks, Zepto Seeks $300 Million, Zetwerk Eyes $20-30 Million

Lenskart is reportedly in discussions with five investment banks to initiate a substantial initial public offering (IPO) exceeding $1 billion later this month. This development follows earlier reports indicating the company's intentions to seek IPO pitches. Additionally, Zepto is preparing for its own IPO, aiming to raise $300 million through a share sale targeting domestic mutual funds. Meanwhile, Zetwerk is in negotiations to secure between $20 million and $30 million from family offices and high-net-worth individuals as it gears up for its IPO. Other notable updates in the tech and startup sector include Swiggy's widening losses, a slowdown in fintech lending, and Infosys's plans for a salary hike by March.