Lenskart Solutions PVT LTD
| File:Lenskart-logo.jpg | |
| Private Limited Company | |
| ISIN | 🆔 |
| Industry | Eyewear retailing |
| Founded 📆 | 2010 |
| Founder 👔 | |
| Headquarters 🏙️ | New Delhi, India |
Number of locations | 80 |
Area served 🗺️ | India |
Key people | Peyush Bansal (CEO & Founder) Amit Chaudhary (Co-founder) Sumeet Kapahi (Co-founder) |
| Products 📟 | Sunglasses, Eyeglasses, Contact lenses |
| Revenue🤑 |  179 crore (2017)[1] |
| Members | |
Number of employees | 1000+ |
| Parent | Valyoo Technologies |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Lenskart is an Indian eyewear company based in New Delhi. The company has over 410 stores in more than 80 cities throughout India.[2] The company retails optical products from brands such as Ray-Ban, Oakley, Fastrack, Tag Heuer, Sprint, Johnson & Johnson, Vintage, Ciba Vision, Bausch & Lomb, and CooperVision.[3]
History
Lenskart was founded by a former employee of Microsoft Peyush Bansal along with Amit Chaudhary and Sumeet Kapahi in 2010.[4][3]In 2017, Lenskart has appointed a former Snapdeal’s executive Saurabh Bansal for the role of senior vice-president (SVP).[5][6]
Bollywood star Katrina Kaif who is the brand ambassador of Lenskart.[7]
Funding
In October 2011, Lenskart had raised the first round of funding of $4 million from IDG Ventures.[8] In February 2013, Lenskart received another $10 million from Ronnie Screwvala’s Unilazer Ventures through a secondary transaction.[8] In 2015, the company had raised a funding of $22 million in a Series C round led by private equity firm TPG Capital, IDG Ventures, and Hong Kong-based TR Capital.[9]. In May 2016, the company had raised a funding of $60 million in a Series D round from International Finance Corporation, TPG Growth and other investors.[10][9]. In September 2016, Lenskart has raised an undisclosed funding from PremjiInvest, Ratan Tata, Ronnie Screwvala and Infosys co-founder Kris Gopalakrishnan.[2][8][1]
Awards and recognition
- 2016: Lenskart was awarded gold award in the flagship IT Innovation-Micro, Small and Medium Enterprises (MSME) category and the Silver award in the prestigious e-commerce category at the Express I.T. Awards.[11]
See also
References
- ↑ 1.0 1.1 Gooptu, Biswarup (3 March 2018). "New deal may help Lenskart touch Rs 3,000-crore valuation". The Economic Times. Retrieved 13 September 2018.
- ↑ 2.0 2.1 "Lenskart earmarks USD 3 million to invest in 'eye-tech' startup". The Economic Times. 6 May 2018. Retrieved 13 September 2018.
- ↑ 3.0 3.1 Pani, Priyanka (24 February 2014). "Eyewear selling redefined". Business Line. Retrieved 13 September 2018.
- ↑ Bhat, Shravan (6 March 2014). "Lenskart.com Has Set Sights on $10 Bn Market". Forbes India. Retrieved 13 September 2018.
- ↑ "Lenskart ropes in Snapdeal's Bansal as SVP". The Economic Times. 2 June 2017. Retrieved 13 September 2018.
- ↑ "Former Snapdeal executive Saurabh Bansal joins Lenskart". Mint. 2 June 2017. Retrieved 13 September 2018.
- ↑ "Katrina Kaif launches 'Lenskart Blu' lenses in the brand's new TVC". The Economic Times. 22 August 2018. Retrieved 13 September 2018.
- ↑ 8.0 8.1 8.2 "Lenskart raises Rs 400 crore from IFC, Ratan Tata". The Hindu. 4 May 2016. Retrieved 13 September 2018.
- ↑ 9.0 9.1 Thomas Hector, Dearton (6 September 2016). "Eyewear e-tailer Lenskart raises funds from PremjiInvest". VCCircle. Retrieved 13 September 2018.
- ↑ Arora, Varun (9 January 2017). "Ronnie Screwvala ups stake in Lenskart, invests $3.5 mn more". VCCircle. Retrieved 13 September 2018.
- ↑ "Winner 2016 - The Financial Express". The Financial Express (India). Retrieved 13 September 2018.
External Links
- Official Website
- Company Overview of Lenskart Solutions Private Limited at Bloomberg.com
- Peyush Bansal's Interview with Times Of India (TOI)
- The verdict on Lenskart’s vision: the eyes have it!
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