SBI Mutual Fund has invested ₹100 crore in Lenskart ahead of the company’s initial public offering, a regulatory filing showed. SBI Optimal Equity Fund and SBI Emergent Fund together acquired 24.87 lakh shares at a transfer price of ₹402 per equity share, valuing Lenskart at around $7.7 billion. Notably, its IPO is expected to raise around ₹7,278 crore.