Lenskart Raises $100 Million in Funding from ChrysCapital

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.

Eyewear brand Lenskart has raised $100 million in funding via primary and secondary share sales from private equity firm ChrysCapital. This investment brings Lenskart’s total capital infusion to nearly $850 million within the past year. The fresh funding supports Lenskart’s growth plans and strengthens its position as a global eyewear leader. In total, the company has raised $1.6 billion till that moment.

Lenskart, Faridabad, India, was founded in 2010 by Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi. “We like to work with partners who have a long-term vision to create organisations that can consistently improve lives and make the world a better place. ChrysCapital is one of the most esteemed Indian equity partners, and it is my privilege to have them by our side,” said Peyush Bansal, Founder and CEO of Lenskart.

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