Tech Company Financing Transactions

Lenskart Funding Round

Lenskart secured a $500 million funding round on 3/16/2023. Investors included Abu Dhabi Investment Authority.

Transaction Overview

Company Name
Announced On
3/16/2023
Transaction Type
Venture Equity
Amount
$500,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funding for Lenskart comes at a time when deal flow activity has slowed significantly in the Indian startup market, especially for late-stage startups. The number of $100 million or higher rounds fell 50% in India last year to just 48 -- and the vast majority of them were closed in the first half of 2022, Bain and Company said in a report Wednesday.

Company Information

Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
13th Floor, Vatika Mindscapes 12/1, Mathura Road, Sector 27D
Faridabad, Haryana, 121003
IN
Email Address
Overview
Lenskart's mission is to give India a vision. Lenskart.com is India's fastest growing eyewear company and largest eyewear company online. Lenskart's products range from prescription eyewear, branded contact lenses and sunglasses, all equipped with the customers'? eye power. Lenskart is backed by IDG Ventures, Unilazer Ventures and TPG Capital. With a growing chain of offline stores in all cities in India, and its unique Home Eye Check-up service which takes expert optometrists to customers homes/office for an eye test, Lenskart has done what no one could till now. Clearer vision is absolutely accessible now!
Profile
Lenskart LinkedIn Company Profile
Social Media
Lenskart Company Twitter Account
Company News
Lenskart News
Facebook
Lenskart on Facebook
YouTube
Lenskart on YouTube

Management Team

Title
Name
Email & Social
Chairman
Oliver Kaye
  Oliver Kaye LinkedIn Profile  Oliver Kaye Twitter Account  Oliver Kaye News  Oliver Kaye on Facebook
Chief Executive Officer
Peyush Bansal
  Peyush Bansal LinkedIn Profile  Peyush Bansal Twitter Account  Peyush Bansal News  Peyush Bansal on Facebook
Chief Financial Officer
Smeer Chopra
  Smeer Chopra LinkedIn Profile  Smeer Chopra Twitter Account  Smeer Chopra News  Smeer Chopra on Facebook
Co-Founder
Neha Bansal
  Neha Bansal LinkedIn Profile  Neha Bansal Twitter Account  Neha Bansal News  Neha Bansal on Facebook


 

 

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Prev: 3/16/2023: Seamless Therapeutics venture capital transaction
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