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LENSKART ASIA EXPANSION
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.- 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.
- Lenskart shares rise 3% on day 2 of trading after volatile debut. Should you buy, sell or hold?Lenskart shares rose on their second trading day after a volatile debut, leaving investors debating whether to buy, sell, or hold. Despite ...
- Lenskart IPO Day 1: Issue subscribed 1.13 times, retail investors bid 1.31x; check GMP trendsLenskart IPO: Lenskart's Rs 7,278 crore IPO opened today, fully subscribed by afternoon with over 10 crore bids. The omnichannel eyewear gi...
- Lenskart IPO: 10 things Jefferies said about Rs 2,200 crore offerLenskart is preparing a Rs 2,200 crore IPO, backed by strong financials, robust revenue growth, market leadership in India and Asia, and an...
- 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...
- ET Startup Awards 2024 | Startup of the Year: You don't need glasses to see what Lenskart did in this spaceThe ten-member jury chose Lenskart, which is currently valued at $ 5 billion, over publicly listed general insurer Go Digit in a keenly con...
- Peyush Bansal, other Lenskart founders invest $20 million in new funding roundLenskart, an omnichannel eyewear retailer, raised $20 million from founders and investors. Peyush Bansal led the funding round with an inve...
- 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...
- Lenskart eyes SEA expansion, likely to open 400 new storesThe company currently has 70 stores in Singapore, and plans to expand into Thailand, followed by the Philippines, cofounder and CEO Peyush ...
- 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...
- 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% ...
- Lenskart FY22 revenue jumps 66% to Rs 1,502 crore, but slips into lossesLenskart’s consolidated operating revenue grew 66% to Rs 1,502 crore in the previous fiscal year (FY22). The SoftBank-backed company, howev...
- 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 acquires Japan’s Owndays in $400 million dealTogether, both brands now have an annual revenue run rate of $650 million for FY23.
- 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...
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