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LENSKART EXPANSION PLANS
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- Ambani-backed robot startup seeks $100 million to lead in IndiaReliance-backed robotics startup Addverb Technologies is looking to raise over $100 million to fund expansion into humanoid robots, AI and ...
- Kuku FM readies public market debut; SoftBank books Lenskart gainsKuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.
- H-1B chill sets in; Flipkart doubles down on ShopsyUS demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech To...
- Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
- Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.
- Groww's strong Q4; Iran conflict hits India's GCCsFintech major Groww more than doubled its net profit in the fourth quarter of FY26. This and more in today's ETtech Top 5.
- Motilal Oswal trims HDFC Bank, increases weight in SBI amid latest reshuffle. Here’s the full listMotilal Oswal reshuffled its model portfolio, increasing SBI weight while trimming HDFC Bank. It added stocks across financials, new-age, d...
- Will Lenskart’s Rs 7,278 crore IPO deliver long-term vision for investors?Lenskart Solutions is set to raise over ₹7,000 crore through its upcoming IPO. The eyewear retailer aims to fund expansion and acquisitions...
- SBI Mutual Fund invests Rs 100 crore in Lenskart in pre IPO-roundSBI Mutual Fund has invested Rs 100 crore in Lenskart. This investment comes before the eyewear retailer's upcoming Initial Public Offering...
- Lenskart revenue jumps to Rs 3,788 crore in FY23; trims losses to Rs 102 croreOn a standalone basis, Lenskart has been profitable, and reported a net profit of Rs 138 crore in FY23, a 25-fold jump from the previous fi...
- Shark Tank judge Peyush Bansal's Bengaluru land appeal gets instant response from ministerMinister M B Patil supports Lenskart CEO Peyush Bansal in acquiring land near Kempegowda International Airport in Bengaluru for a mega fact...
- Lenskart’s Neso Brands invests $4 million in France’s Le Petit LunetierIn a statement, Neso Brands said it has acquired a ‘significant stake’ in the French brand but did not detail the size of the stake. Source...
- Lenskart valued at $4.5 billion after new financingThis in an 80% expansion in value for the company, which was last valued at $ 2.5 billion following the close of a $315 million round in Ju...
- Lenskart plans to hire over 2,000 people across functions by 2022Around 1,500 people will be hired to manage Lenskart stores, while more than 100 engineers will be brought on board for its technology team...
- Lenskart gets funding at $2.5 billion valuationTemasek Holdings and Falcon Edge have led Lenskart’s $220-million funding round—a mix of primary and secondary capital. The eyewear retaile...
- Lenskart set to turn unicorn with likely $350 mn SoftBank fundingEyewear retailer sees huge increase in valuation from $460-470 million earlier.
- Lenskart to open 400 stores in 2 years; invest Rs 100 croreThe company, which has a strong online presence, is eyeing a total of 700 stores by March 2019 by targeting small towns, tier II and III ci...
- With expansion in mind, Lenskart appoints top level executivesThe company wants to increase its offline presence, ramp up its manufacturing facility and create seamless consumer engagement on its platf...
- Lenskart to set up 500 stores to ramp up offline presenceThe company, which currently has 70 stores operating through franchisees in 29 cities, said the shops will "compliment" its online business.
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