eyewear | Pixr8 News

17May By AdityaNo Comments

FUNDING

Lenskart raises $95 million from KKR

NEW DELHI, 17th April 2020-- Lenskart, a leading omni-channel eyewear retailer in India raises $95 million from global investment firm KKR via a secondary stake acquisition. As part of the transaction, existing investors TPG Growth and TR Capital, who first invested in Lenskart in late 2014, will each divest a portion of their holding in the Company. Established in 2010, the Company today is the largest service provider for eyewear in India, serving over 7 million customers annually through its omni-channel shopping experience, which spans online, mobile application, and 730 omni-channel stores in 175 cities across the country. In 2019, Lenskart also expanded to Singapore marking its foray into Southeast Asia where it is now a key service provider for optical. Peyush Bansal, CEO o...

11Aug By PriyankaNo Comments

FUNDING

Dubai based eyewa raises $2.5 million in funding from Wamda Capital & Others

DUBAI, UAE, Aug. 11, 2020-- UAE based eyewear platform eyewa raises a USD $2.5million in pre-series B bridge round from Wamda Capital, EQ2 Ventures and Nuwa Capital. This is eyewa's third funding round, before that the company raises mid-2019 Series A round of US$7.5million and US$1.1 million in a seed round in 2018. This bridge brings the total raised capital by eyewa to US$11.1million in the space of three years. The company specialises in online retail of sunglasses, eyeglasses, prescription contact lenses and color contact lenses, and offers a wide choice catered towards the latest fashion trends with a highly customised user experience throughout the discovery, ordering, packaging and delivery process. eyewa, which is now the largest online eyewear retailer in UAE and KSA...

Lenskart to Open 400 Stores in 2 Years; Invest Rs 100 Crore

4Jun By AdityaNo Comments

News

Lenskart to Open 400 Stores in 2 Years; Invest Rs 100 Crore

Ratan Tata-backed eyeware retailer Lenskart plans to invest over Rs 100 crore on business expansion, including opening of 400 stores, in the next two years. The 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 cities. "As of now we have 300 stores across India and in the next two years we plan to open another 400 stores," Lenskart CEO Peyush Bansal told Pixr8. The current Lenskart stores in over 80 cities are based on franchise model, he added. When asked about investment for the expansion, Bansal said the company will be putting in capital primarily around building back-end supply chain, while franchises would invest in opening stores. "For us the total investment would run to around Rs 100 ...

Lenskart Setup 100 more Retail Store, Will Spend 10 Crore on Ads

26Dec By AdityaNo Comments

News

Lenskart Setup 100 more Retail Store, Will Spend 10 Crore on Ads

To strengthen its offline presence, online retailer Lenskart will set up 100 retail stores across the country over the next two years. Lenskart currently has 250 outlets across the country. Lenskart, which offers prescription-based and fashion eyewear, currently has seven stores in places like Chandigarh, Pune, Agartala and Goa under the franchise model. With a budget of Rs 10 crore, the eyewear retailer has also lined up a fresh advertising campaign. Peyush Bansal , CEO, Lenskart.com says: “These stores display a large range of eyewear. Customers can choose from them or those available on the website and place orders online from the store, helping us expand our brand not just online but offline as well.” He further said the move will help tap the Indian eyewear market, which get...