New Delhi : lens card has secured a new $100 million in funding from a private equity firm Chris Capital. Investment A mix of primary and secondary share purchases are involved and bring the startup’s total funding count to approximately $1. 6 billion. Lenskart said the financing will help fund expansion and growth plans.
At a time when funding flow to startups has become selective and investors are taking time to close deals, Lenskart manages to garner ChrisCapital’s backing barely three months after raising $500 million from Abu Dhabi Investment Authority Is.Bye) at a valuation of $4. 5 billion, perhaps underscoring the viability of its business model.
However, ADIA’s investments were mainly of a secondary nature. “We believe that with the help of technology, customer centricity and major investments in supply chain and talent, we can eradicate the problem of vision correction. Eyewear as a lifestyle category is at a very early stage of its development, and There is a lot of opportunity that can significantly enhance the quality of our lives as seen in footwear, apparel and watches. Piyush BansalFounder and CEO of Lenskart.
The Gurgaon-based omni-channel eyewear brand serves 20 million customers and is expanding beyond India to cover the Middle East and parts of Asia. Rajiv BatraWith the acquisition of Japanese d2c eyewear brand Ovende, Lenskart has the potential to expand to more than 10 Asian countries apart from India, said Senior VP at ChrisCapital, which has over $5 billion worth of assets under management across eight funds. have the opportunity.
At a time when funding flow to startups has become selective and investors are taking time to close deals, Lenskart manages to garner ChrisCapital’s backing barely three months after raising $500 million from Abu Dhabi Investment Authority Is.Bye) at a valuation of $4. 5 billion, perhaps underscoring the viability of its business model.
However, ADIA’s investments were mainly of a secondary nature. “We believe that with the help of technology, customer centricity and major investments in supply chain and talent, we can eradicate the problem of vision correction. Eyewear as a lifestyle category is at a very early stage of its development, and There is a lot of opportunity that can significantly enhance the quality of our lives as seen in footwear, apparel and watches. Piyush BansalFounder and CEO of Lenskart.
The Gurgaon-based omni-channel eyewear brand serves 20 million customers and is expanding beyond India to cover the Middle East and parts of Asia. Rajiv BatraWith the acquisition of Japanese d2c eyewear brand Ovende, Lenskart has the potential to expand to more than 10 Asian countries apart from India, said Senior VP at ChrisCapital, which has over $5 billion worth of assets under management across eight funds. have the opportunity.