Lenskart, a leading eyewear company, has appointed Shweta Shukla as its Chief People Officer, according to ETHRWorld report. In this role, Shukla will lead the People function globally and be a member of the executive management team. Her key focus will be on driving global growth, organisation effectiveness and culture & leadership. Shukla replaces Lenskart’s…
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.…
Chiratae Ventures (Formerly IDG Ventures, India), and Lenskart Vision Fund invests $4 million as part of Adloid’s pre series-A funding, to fuel the next level of growth and product evolution. The round also saw participation from Easemytrip Co-founder Prashant Pitti, Seeders, and 100x Entrepreneur. With this round, Adloid is rebranding to Metadome, a metaverse that will provide the no-code infrastructure to…
Lenskart, India’s omnichannel eye-wear brand, said it has plans to expand and strengthen its workforce, and add 2000+ employees across the country by 2022 , as part of its plan to increase its consumer base over the next few years. Lenskart has been aggressively hiring across verticals especially the tech and data science team, roping in…
Lenskart, India’s omnichannel eye-wear brand, announced it has launched its 100th store in Bengaluru, Karnataka. The company recently concluded a total of $315mn transaction from global growth tech investors this month. With this, the company further plans to expand its retail footprint in the Southern region in the coming months. Lenskart outlets in Bengaluru are…
Omni-channel D2C eyewear brand Lenskart has announced that it has raised $220 million in the latest funding round co-led by Temasek Holdings, a Singapore-based sovereign wealth fund and Falcon Edge Capital. With this round, the eyewear brand is now valued at $2.5 billion. Speaking on the announcement, Founder Peyush Bansal said, “Every vertical from apparel to footwear,…
India’s leading omni-channel D2C eyewear brand Lenskart has announced its plans to invest up to $2mn in each of the selected start-ups that are synergistic to the eyewear, eye-care and omni-channel retail sectors. In addition to the infusion of capital, select start-ups will benefit from Lenskart’s phenomenal market access via 700+ retail stores and online…
Lenskart, an omni-channel eyewear retailer in India, and KKR, a global investment firm, has announced the signing of definitive agreements under which KKR will invest US$95 million in Lenskart via a secondary stake acquisition. Upon the completion of the transaction, KKR will look to leverage its experience working with technology and eyewear companies globally to…
Eyewear retailer, Lenskart has acquihired Hyderabad-based delivery platform DailyJoy. The company has also opened a technology centre in the city and will hire more than 100 people across product, engineering, and design verticals in the coming six months. “The Hyderabad team will be at the forefront of engineering, new initiatives & innovation. We plan to…
Lenskart, eyewear retailer, has announced its foray into the Middle East market and plans to open its first retail store in Dubai soon. The company has committed $50 million (around AED185 million) towards the expansion in the UAE market. The eyewear specialist has launched its operations in the UAE through online offerings at its website ae.lenskart.com with…
Lenskart, India’s fastest growing eyewear company raised $231 million from SVF II Lightbulb, a Cayman Islands-based entity which is an investment vehicle of Softbank Vision Fund (SVF). The company was founded by Peyush Bansal and Amit Chaudhary in 2008. Lenskart has already been in discussions with SoftBank Vision Fund this year to raise a funding…