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Lenskart

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Lenskart Solutions PVT LTD
Private Limited Company
IndustryEyewear retailing
Founded2010; 9 years ago (2010)
HeadquartersNew Delhi, India
Number of locations
80
Area served
India
Key people
Peyush Bansal
(CEO & Founder)
Amit Chaudhary
(Co-founder)
Sumeet Kapahi
(Co-founder)
ProductsSunglasses, Eyeglasses, Contact lenses
RevenueIncrease 179 crore (2017)[1]
Number of employees
1000+
ParentValyoo Technologies
Websitewww.lenskart.com

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[edit | edit source]

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[edit | edit source]

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[edit | edit source]

  • 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[edit | edit source]

References[edit | edit source]

  1. 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. 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. 3.0 3.1 Pani, Priyanka (24 February 2014). "Eyewear selling redefined". Business Line. Retrieved 13 September 2018.
  4. Bhat, Shravan (6 March 2014). "Lenskart.com Has Set Sights on $10 Bn Market". Forbes India. Retrieved 13 September 2018.
  5. "Lenskart ropes in Snapdeal's Bansal as SVP". The Economic Times. 2 June 2017. Retrieved 13 September 2018.
  6. "Former Snapdeal executive Saurabh Bansal joins Lenskart". Mint. 2 June 2017. Retrieved 13 September 2018.
  7. "Katrina Kaif launches 'Lenskart Blu' lenses in the brand's new TVC". The Economic Times. 22 August 2018. Retrieved 13 September 2018.
  8. 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. 9.0 9.1 Thomas Hector, Dearton (6 September 2016). "Eyewear e-tailer Lenskart raises funds from PremjiInvest". VCCircle. Retrieved 13 September 2018.
  10. Arora, Varun (9 January 2017). "Ronnie Screwvala ups stake in Lenskart, invests $3.5 mn more". VCCircle. Retrieved 13 September 2018.
  11. "Winner 2016 - The Financial Express". The Financial Express (India). Retrieved 13 September 2018.


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External Links[edit | edit source]


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