Page 2 - Lenskart

Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses

The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year

PE, Sovereign funds making larger investments in Indian tech firms

PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more

Laying eyewear optic fibre to make 400 mn specs per year: Lenskart's Bansal

As part of that strategy, the SoftBank-backed firm is setting up the world's largest eyewear manufacturing plant in Bhiwadi, a city in Rajasthan

Lenskart acquires majority stake in Japanese eyewear brand Owndays

This acquisition will take Lenskart's reach to 13 markets, including India, Singapore, Thailand, and Japan and make it one of the largest players in Asia's online eyewear segment

Eyewear brand Lenskart to hire over 2,000 employees by 2022

Lenskart will also expand its international teams in Singapore, West Asia, and the US by adding 300 more employees

SoftBank-backed Lenskart raises $220 million as India's tech industry booms

Lenskart sold about 8 million pairs of eyewear last year and is aiming to grow that by 30 per cent in the year ending March 2022

Lenskart's launches Vision Fund for select startups in eye-care space

To invest $2 million in each enterprise, nurture innovations disrupting eyewear, eye-care and omni-channel retail

Lenskart Foundation launches WhatsApp chat-based Covid-19 relief helpline

The WhatsApp-based helpline at 892-947-6589 provides information on what to do if diagnosed with Covid-19, using inputs from a panel of doctors

Lenskart eyes tech startups to buy out or acqui-hire and boost core biz

Has already made two acquihires this year in DailyJoy and HighApe; is ramping up its 170-strong tech team with 80 more engineers by this August

KKR invests $95 mn in Lenskart, says will help eyewear firm's growth

TPG Growth and TR Capital will each divest a portion of their holding in Lenskart.

Covid-19 pandemic spurs matured-stage start-ups to advance their IPO plans

Several ecommerce and digital payments companies are looking for public listing over next two years

SoftBank invests $275 million in Lenskart; buys out some early investors

A large part of this investment will go towards building next generation technology and supply chain, said Peyush Bansal, Founder & CEO of Lenskart

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

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

The start-up raised over $275 million from Softbank Vision Fund

Top 10 biz headlines: BPCL stake sale likely, Aug auto sales plunge & more

From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories

Lenskart sees more scope of growth in non-metros: CEO Peyush Bansal

The average store size in metros and smaller centres is 600 and 300 square feet respectively

Lenskart eyes the popular route

With a celebrity ambassador, the eyewear retailer hopes to change the perception around the category and expand its brand footprint

Premji Invest backs Lenskart, expands retail portfolio

Investment from Premji comes after Lenskart raised Rs 400 crore in funding in May led by International Finance Corporation, the venture capital arm of World Bank

IFC leads Rs 400 crore investment in Lenskart

Founded in 2010, Lenskart claims to be India's largest online retailer of premium quality and stylish eyewear

Lenskart to invest Rs 300 cr to become biggest eyewear player

Company claims it is selling largest number of spectacles and is also a leader in the segment