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Online eyewear firm Lenskart has earmarked about USD 2-3 million to invest in companies that are either working on product or technologies that can help to provide affordable eye care solutions. As a part of the strategy, firm backed by Ratan Tata, Lenskart has invested about Rs. 3.3 crores in US-based ThinOptics. The intent of investing in early-stage startups is to collaborate in the development of innovative products. Peyush Bansal, Lenskart founder and chief executive said, We will invest USD 2-3 million. The companies where we are looking to invest could be either tech or product based working on eyecare solutions, be it an innovative eye examination machine or some kind of a lens technology. Lenskart had earlier picked up a minority stake for over USD 1million in 6over6, an I...

Online eyewear firm Lenskart plans to launch its initial public offer within next three years to create value and provide exit option to existing shareholders. "As the company grows, we see IPO will create more value for everybody. We are building values with various investments in technology development in the eyewear segment and from IPO will chart out our growth path. We expect to launch it in next three years," Lenskart Founder and CEO Peyush Bansal told PTI in a statement. Lenskart expects to register 100 per cent revenue growth at around Rs 600 crore by the end of current fiscal. The company has raised around Rs 700 crore from various sources with private equity investment, among which TPG Global was one of the lead investor, till now. He said that the company does not requir...

Tag: online eyewear

Lenskart Looking to Invest $3 Million in Eye-Tech Startups

Lenskart To Launch IPO in 3 yrs, Aims Rs 600 Cr. Biz in 2017-18