Lenskart is in Talks to Raise $100 Million at $4 Billion Valuation

Lenskart is a multinational optical prescription eyewear retail outlet. It’s India’s fastest-growing eyewear business today and has over 1000 stores in 223 cities across the country. The firm reaches out to more than 1,00,000 customers a month via a unique combination of a strong online business and uniquely designed physical stores. The brand is the first and the only in India to use the robotic technique that manufactures glasses that are accurate to 3 decimal places.

The eyewear merchant Lenskart is discussing with private equity fund ChrysCapital to raise $100 million. Currently the talks on preferring up a stake are continuing, and the investment isn’t concluded yet. The new funding round is valuing the eyewear brand at $4 billion. If the deal goes through, it can become one of the largest funding deals in a new-age tech startup by ChrysCapital.

Lenskart, Faridabad, India, was founded in 2010 by Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi. Lenskart aims to provide millions of people with high-quality eyewear at affordable prices, give free eye check-ups at home and extend these services to remote corners of India.

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