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LENSKART EXPANSION STRATEGY
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.- Lenskart to become eyewear industry's Tanishq? Elara makes big predictionElara Capital initiated coverage on Lenskart with a Buy rating and a target price of Rs 615, implying a 22% upside. The brokerage called th...
- Lenskart to step up AI push in FY27, targets scale-up in eye tests, automationLenskart is pivoting to a consumer-AI company, making artificial intelligence central to its FY27 growth strategy. The company aims to inte...
- MF Tracker: HSBC Midcap Fund turned Rs 10,000 SIP to Rs 2.33 crore in 20 years. Can fund sustain its strong performance?HSBC Midcap Fund delivered exceptional returns, transforming a Rs 10,000 monthly investment into Rs 2.33 crore over two decades. The fund a...
- NFO Alert: Edelweiss Mutual Fund’s Altiva SIF to launch Equity Ex-Top 100 Long-Short FundEdelweiss Mutual Fund has launched its second Altiva SIF offering, the Altiva Equity Ex-Top 100 Long-Short Fund. This equity-led strategy a...
- Lenskart IPO subscribed over 28 times on final day. Check GMP and listing detailsLenskart's Rs 7,278 crore IPO saw a strong subscription of 28.26 times, with Qualified Institutional Buyers leading the demand. Despite a s...
- GoKwik elevates Abhinav Midha to CBO to drive expansionMidha, previously served as vice president, sales, and will now oversee business strategy, sales, and agency partnerships. His mandate incl...
- IPO-bound Lenskart buys 80% stake in Spain's Meller for Rs 407 croreLenskart Meller Acquisition: Lenskart, through its Singapore subsidiary, will acquire an 80% stake in Spanish eyewear brand Meller. This mo...
- ET Awards: We are driven by the purpose of giving vision to people: Peyush BansalLenskart's CEO, Peyush Bansal, has led the company's growth to over 2,500 stores while maintaining operational efficiency. The 2022 acquisi...
- ET Corporate Awards | Businesses need to be built around a purpose and mission: Lenskart CEO Peyush BansalGurgaon-based Lenskart managed to balance rapid scale with operational performance, growing to more than 2,500 stores in India and Southeas...
- ET Awards: A clear vision with options to frame outlook in eye of beholder, meet Lenskart's Peyush Bansal, entrepreneur of the yearLenskart cofounder Peyush Bansal received the Entrepreneur of the Year award. The company's revenue grew by 45% to ₹5,500 crore in FY24. Le...
- Lenskart cuts loss by 84% in FY24, revenue up 43% to Rs 5,428 croreThe Temasek and SoftBank-backed company’s operating margins also grew significantly, with Lenskart clocking an Ebitda of Rs 856 crore in FY...
- 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...
- PE fund ChrysCapital invests $100 million in eyewear retailer LenskartIn March, Abu Dhabi Investment Authority (ADIA), the Gulf Sovereign wealth fund (SWF), had invested $500 million in the company.
- ADIA signs $500 million cheque for 10% stake in Lenskart at $4.2 billion valuationThe fundraise was done at a $4.2 billion valuation and will result in ADIA becoming one of the largest shareholders in Lenskart with a 10% ...
- ADIA in advanced talks to invest $400 million in LenskartInvestment mostly through secondary sale of shares; small primary sale will see infusion of growth equity.
- 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...
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