Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal

Lenskart is raising Rs 1,645 cr in a funding round led by Masayoshi Son-led SoftBank; company has cut losses by 73%, while driving revenue up 57% in FY19

Eye-wear start-up Lenskart said it was raising over $275 million from Softbank Vision Fund to augment tech capabilities and strengthen supply chain infrastructure.
 
Avendus Capital was the exclusive financial advisor to this transaction. Business signals platform Paper.vc on Friday said the deal gave the company a post-money valuation of about $1.5 billion. Lenskart is engaged in the manufacturing and supply of eyewear products.
 
“A large part of this investment will go towards building next-generation technology and supply chain to deliver billion glasses with the highest quality at the best price and most amazing customer experience,” said Peyush Bansal,