About Lenskart
Lenskart is a company based in Gurugram (India) founded in 2010 by Peyush Bansal, Neha Bansal, Sumeet Kapahi, Ramneek Khurana, and Amit Chaudhary.. Lenskart has raised $1.08 billion across 19 funding rounds from investors including State Bank of India, Aditya Birla Capital and Avendus. Lenskart has completed 4 acquisitions, including DailyJoy, HighApe and Meller. Lenskart offers products and services including Eyeglasses, Sunglasses, Contact Lens, and Frames. Lenskart operates in a competitive market with competitors including ClearDekho, John Jacobs Eyewear, Enrico Eyewear, Without and Eyewear Labs, among others.
- Headquarter Gurugram, India
- Founders Peyush Bansal, Neha Bansal, Sumeet Kapahi, Ramneek Khurana, Amit Chaudhary
- Stage Public
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Sectors
Retail
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Email
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Phone
*********
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Website
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Social
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- Legal Name Lenskart Solutions Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.08 B (USD)
in 19 rounds
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Latest Funding Round
$18.2 M (USD), Series I
Jul 21, 2023
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Investors
State Bank of India
& 34 more
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Employee Count
Employee Count
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Investments & Acquisitions
DailyJoy
& 3 more
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IPO & Listings of Lenskart
Lenskart is a publicly listed company on the BSE with ticker symbol LENSKART in India, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Lenskart
Lenskart offers a comprehensive portfolio of products and services, including Eyeglasses, Sunglasses, Contact Lens, and Frames. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Glasses for vision correction and daily use
Protective eyewear for outdoor and fashion needs
Lenses for vision correction without frames
Customizable frames for eyeglasses and sunglasses
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Software Development Team
69 people
Operations Team
47 people
Sales and Marketing
30 people
Human Resources and Administration
28 people
Leadership Team
27 people
Product Management Team
22 people
Store Team
19 people
Finance and Accounting
15 people
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Funding Insights of Lenskart
Lenskart has successfully raised a total of $1.08B across 19 strategic funding rounds. The most recent funding activity was a Series I round of $18.2 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 19
- Last Round Series I — $18.2M
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First Round
First Round
(04 Oct 2011)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series I - Lenskart | Valuation | Dove Investments | |
| Jun, 2023 | Amount | Series I - Lenskart | Valuation | ChrysCapital |
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| Mar, 2023 | Amount | Series I - Lenskart | Valuation | ADIA |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lenskart
Lenskart has secured backing from 35 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, Aditya Birla Capital and Avendus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Major stakes in companies are acquired through private investments.
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Founded Year | Domain | Location | |
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Investment firm focusing on private equity in sectors like financial services and healthcare.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lenskart
Lenskart has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include DailyJoy, HighApe and Meller. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform offering daily essentials delivery services
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2019 | ||||
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Provider of AI based image and video analytics solutions
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2017 | ||||
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Nightlife events are discovered and booked via an online platform.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lenskart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lenskart Comparisons
Competitors of Lenskart
Lenskart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ClearDekho, John Jacobs Eyewear, Enrico Eyewear, Without and Eyewear Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Eyewear including sunglasses, eyeglasses, and contact lenses is offered online.
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| domain | founded_year | HQ Location |
An online brand offering stylish eyewear for men and women.
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| domain | founded_year | HQ Location |
Eye and sun glasses are offered by the eyewear brand.
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| domain | founded_year | HQ Location |
Platform offering multi-category sustainable eyewear products
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| domain | founded_year | HQ Location |
Designs and retails sunglasses and blue light glasses for consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lenskart
Frequently Asked Questions about Lenskart
When was Lenskart founded?
Lenskart was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Lenskart located?
Lenskart is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Lenskart?
Peyush Bansal is the current CEO of Lenskart. They have also founded this company.
Is Lenskart a funded company?
Lenskart is a funded company, having raised a total of $1.08B across 19 funding rounds to date. The company's 1st funding round was a Series I of $90.9M, raised on Oct 04, 2011.
What does Lenskart do?
Lenskart was founded in 2010 in Gurugram, India, within the eyewear retail sector. Prescription and non-prescription glasses, including sunglasses, contact lenses, computer glasses, and kids options, are provided through an online platform. Virtual try-on features and home eye tests are supported via a mobile app on iOS and Android. Operations are conducted as a vertically integrated entity, encompassing design, manufacturing, distribution, and retail.
Who are the top competitors of Lenskart?
Lenskart's top competitors include ClearDekho, John Jacobs Eyewear and Without.
What products or services does Lenskart offer?
Lenskart offers Eyeglasses, Sunglasses, Contact Lens, and Frames.
Is Lenskart publicly traded?
Yes, Lenskart is publicly traded on BSE under the ticker symbol LENSKART.
How many acquisitions has Lenskart made?
Who are Lenskart's investors?
Lenskart has 35 investors. Key investors include State Bank of India, Aditya Birla Capital, Avendus, International Finance Corporation, and Axis Mutual Fund.
What is Lenskart's ticker symbol?
The ticker symbol of Lenskart is LENSKART on BSE.
What is Lenskart's valuation?
The valuation of Lenskart is $4.39B as of Jul 2023.
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