Lenskart, Crave Monger
Lenskart, Crave Monger

Omni channel eye-wear brand Lenskart said that it has raised $220 million for global expansion in funding raised by Temasek and Falcon Edge Capital.

This round of funding came in 2 months after it raised $95 million from global investment fund KKR, as a part of secondary stake sale, taking the total transactional size to $315 million.

Lenkskart had entered India’s Unicorn Club after it raised $231 million from soft bank, back in 2019.

The company is planning to expand its business outside India and further scale its operations in Southeast Asian and Middle East Markets.

Lenskart Singapore Store, Crave Monger
Lenskart Singapore Store, Crave Monger

“At lenskart we want to revolutionize the global eye-wear industry. we are already the largest in India and in one of the top 3 in Singapore. we want to become the top in Southeast Asia and Middle East over the next 18-24 months through organic and inorganic expansion said”, Peyush Bansal.

Last month, the company has setup “Lenskart Vision Fund”, through which it is looking to invest in startups which are synergic to eye wear, eye care and omnichannel retail in a bid to create a deep ecosystem around the eye-care segment.

At present lenskart serves over 7 million customers annually.

Read More Articles From Crave Monger – Click Here

Leave a Reply

Your email address will not be published.