In preparation for its IPO, Lenskart has focused on achieving complete profitability. (AI image) Lenskart IPO: Lenskart aims to double its valuation to $10 billion for its forthcoming initial public offering (IPO), as indicated by informed sources. The eyewear company plans to submit its draft documentation in May.Numerous startups spanning ecommerce, B2B and fintech sectors…
Peyush Bansal, founder and CEO of Lenskart Lenskart is considering a potential $10-billion valuation, double that of its last funding round, for its upcoming initial public offering (IPO), according to people briefed on the matter. The omnichannel eyewear retailer has set its sights on filing draft papers in May, they said. Chief executive Peyush Bansal…
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…
Sony Pictures Networks India has sent a legal notice to subscription-based tea startup, Dorje Teas. This startup delivers fresh-from-farm and organic Darjeeling Tea to customers across India. In 2023, the company’s co-founder, Sparsh Agarwal, took Dorje Teas to the Shark Tank India platform and secured investments from Anupam Mittal, Peyush Bansal and Vineeta Singh.The Sharks…
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…
Peyush Bansal, CEO Lenskart Hopping on to the AI (artificial intelligence) bandwagon, omnichannel eyewear retailer Lenskart on Monday announced it will acquire Tango Eye, an AI based computer vision startup. The Chennai-based startup already counts Lenskart as an investor. Deal details were not disclosed. The startup helps retail stores to improve efficiency, increase sales and…
Neso Brands, an ecommerce brand roll-up subsidiary of eyewear firm Lenskart, said it has invested $4 million in Paris-based omnichannel eyewear brand Le Petit Lunetier. In a statement, Neso Brands said it has acquired a ‘significant stake’ in the French brand but did not detail the size of the stake. Sources aware of Lenskart’s plans…
