Omnichannel eyewear brand Lenskart has raised $28 million from Avendus Future Leaders Fund II, according to the startup’s regulatory filings. Existing investors Temasek, Schroder Adveq and others also participated in the funding round.
Lenskart will invest a portion of the funding round in its direct-to-commerce (D2C) roll-up commerce venture Neso Brands, according to ETtech report.
It comes some eight months after the SoftBank-backed startup closed a $315 million fund infusion. Temasek had co-led that round along with Alpha Wave, valuing the company at $2.5 billion.
The Peyush Bansal-led company has more than 900 stores in India and had plans to scale that up to 1,000 by the end of March. The company expanded to the Middle East and Southeast Asia after the funding round last year.
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