Eyewear major Lenskart is investing Rs 1500 crore in setting up what is touted as the world’s largest eyewear manufacturing factory in Telangana. The facility will produce eyewear, lenses, sunglasses, as well as accessories and other products catering to India, along with exports to other markets in Southeast Asia and the Middle East, Lenskart co-founder…
Peyush Bansal, founder and CEO of Lenskart Lenskart may well be valued 20% more than in June, if discussions for a fresh secondary share sale of $200-300 million at a valuation of $6 billion bear fruit, people in the know told ET. Existing investors Fidelity, Kedaara Capital and a third “significant early investor” now want…
Hospitality startup Oyo’s former group chief financial officer, Abhishek Gupta, has joined omnichannel eyewear retailer Lenskart as its CFO. “After 9 amazing years at Oyo, I have recently joined Lenskart as the CFO. Thank you Ritesh (Agarwal) and the entire team of Oyo for the trust and friendship,” Gupta said in a LinkedIn post on…
Ratan Tata’s investments in Indian consumer internet companies, starting over a decade ago, significantly boosted the credibility and validation of developing startups. As one of the first prominent leaders of India Inc to back the growing ecosystem, Tata’s involvement has been a strong support for emerging ventures. Snapdeal was among the first Indian startups that…
Jaimit Doshi Lenskart has appointed Jaimit Doshi as its global head of marketing and chief executive officer of Hustlr, one of the eyewear retail chain‘s brand. He took to LinkedIn and made the announcement. Doshi wrote, “Yesterday I joined Lenskart.com with a dual role – as Lenskart’s Global Head of Marketing and CEO of Hustlr,…
Peyush Bansal New Delhi: Eyewear retailer Lenskart has raised around Rs 160 crore from its founders Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi, filings sourced from market intelligence platform, PrivateCircle Research showed. Peyush and Neha Bansal led the round with Rs 70.70 crore and 70.39 crore investment followed by Rs 9.60 crore from…
New Delhi: Singapore’s Temasek and US-based Fidelity have invested around USD 200 million in eyewear company Lenskart via a secondary share sale. ET last month reported that the deal was in advanced discussions, valuing Lenskart at about USD 5 billion. Temasek already owns a 5.5 per cent stake in the startup and reportedly led the…
Peyush Bansal, CEO Lenskart Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the…
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said. To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of…
Lenskart’s Peyush Bansal in conversation with SoftBank’s Sumer Juneja at Slush 2023 Omnichannel eyewear retailer Lenskart is planning to open 300-400 stores in Southeast Asia over the next two years. The company currently has 70 stores in Singapore, and plans to expand into Thailand, followed by the Philippines, cofounder and CEO Peyush Bansal told ET…
