News Discussion13mo
by PeppyCupcakeFlipkart
CosmicTaco
Lenskart Raises Nearly $20M Led by Peyush and Neha Bansal
- Lenskart, the popular online eyewear retailer, has secured nearly $20 million in funding, led by co-founders Peyush and Neha Bansal, along with CJT Investments and TR Capital.
- The board approved the issuance of 695,875 Compulsorily Convertible Preference Shares (CCPS) at Rs 2,300 each, raising Rs 160 crore ($19.12 million).
- Peyush Bansal invested Rs 70.70 crore, Neha Bansal Rs 70.39 crore, while other co-founders Amit Choudhary and Sumeet Kapahi contributed Rs 9.60 crore and Rs 9.35 crore, respectively.
- This funding follows a $200 million secondary deal where Temasek and Fidelity Management & Research Company acquired shares, valuing Lenskart at over $5 billion.
- Lenskart plans to expand its network of 2,500 stores, with 60% of its revenue coming from India, and aims to leverage its strong financial performance and growth potential in international markets.
Source: Business Outreach
10mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
CosmicLlama
Freelancer10mo
Start up is a scam up. The investors are simply selling thier shares to the founder back. the founder who sold the shares during the previous round is investing his profit made from that round.
GoofyPotato
Sharechat10mo
Bhai, founders also earn money through investments in other companies. And when they want to put that into their own company, it usually happens in an investment round like this. There is no scam in this. It's actually a good sign that the founders are bullish.
SnoozyNarwhal
Swiggy10mo
WigglyBanana
Stealth10mo
Mai khud ki favourite hoon - Geet (Jab We met, 2007)
PrancingPotato
Stealth10mo
PerkyWalrus
CARS2410mo
Same reaction when I read the title then realised sahi khel liya launda ne
GroovyBoba
WTF
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Curated from across
by CosmicTacoGrapevine
Lenskart Preps for IPO with Top Bankers
- Lenskart has reportedly onboarded Kotak Mahindra Bank and Morgan Stanley for its upcoming IPO in Mumbai this year.
- The eyewear startup aims to raise about $1 billion in its pre-IPO round.
- Other bankers are expected to join in for t...
by CosmicTacoGrapevine
Lenskart Aims for $1 Billion Revenue by FY25
- Lenskart is set to reach a $1 billion revenue run rate by FY25, marking a 45% growth over FY23.
- The company has shifted much of its global manufacturing to India, improving quality control and delivery times.
- Prescription e...
by CosmicTacoGrapevine
Lenskart Plans $7B Pre-IPO Round Amid Expansion
- Lenskart is preparing to file for an IPO in 2026 and is currently seeking $7-7.5 billion in a pre-IPO round.
- The company recently raised $100 million at a $4.4 billion valuation and operates 1,500 stores across India and SEA.
- Lensk...