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...