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Lenskart Raises Nearly $20 Million with Major Contributions from Co-Founders Peyush and Neha Bansal

TFW Bureau Jul 18, 2024 - 1 min read

Eyewear retailer Lenskart has secured nearly $20 million in funding from its co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi. This marks their second investment in the company within the past seven months. According to a regulatory filing accessed from the Registrar of Companies (ROC), Lenskart's board approved a special resolution to issue ...

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Lenskart Bags $200 mn Investment from Temasek and Fidelity

TFW Bureau Jun 03, 2024 - 1 min read

 This significant investment comes on the heels of advanced discussions valuing Lenskart at an impressive $5 billion. Interestingly, Temasek isn't a newcomer to Lenskart; the Singaporean investment giant already holds a 5.5 percent stake in the startup. With Temasek reportedly leading this new funding round, it underscores the confidence the company has in Lenskart's growth trajectory. On ...

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Lenskart opens 4 new stores in the Middle East

TFW Bureau May 31, 2024 - 1 min read

Home grown eye wear brand, Lenskart, is on an expansion spree. In a span of mere 2 months, the brand has increased its footprint in the Middle East by a number of stores. As per a social media post of a company official, Lenskart has just added four new stores to its kitty and are ...

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Lenskart witnessed a remarkable surge in sales for FY23, exceeding a staggering 150%, bringing it closer to the INR 4,000 cr

TFW Bureau Apr 26, 2024 - 1 min read

Lenskart, led by Peyush Bansal, saw its sales approach the INR 4,000 crore milestone in the fiscal year ending March 31, 2023. The Delhi-NCR startup disclosed sales of INR 3,788 crore for FY23, marking a notable 152% surge from INR 1,502.7 crore in the preceding fiscal year. The company predominantly generated 95% of its revenue ...

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Lenskart eyeing $5 billion valuation, in talks with Temasek, Fidelity for $200 million infusion

TFW Bureau Apr 25, 2024 - 1 min read

Singapore’s Temasek and US’ Fidelity are in discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, as per an official report. Temasek (which is already an existing investor in Lenskart) is expected to lead the investment round with $125-150 million as per reports, while ...

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