Lenskart

Did you know that Lenskart isn’t the first start-up founded by Peyush Bansal? In fact, it isn’t even the first eyewear-related start-up that he has founded. Yes, you heard that right. Today in Start Buzz, we will talk about Lenskart's Secret Success Strategy.

Lenskart sold about 8 million pairs of eyewear last year and is aiming to grow that by 30% in the year ending March 2022

Lenskart uses technology and artificial intelligence (AI) in its operations to interact with consumers on its app and in storesThree months ago, Lenskart had received a total investment of ₹392 crore from two entities belonging to Kedaara Capital

SoftBank’s track record shows it has not made a single fresh investment in India in 2019The investment firm has plans to invest $200 mn in Dailyhunt and $300 mn in Lenskart

Founded in 2006 by Sudhir Sethi and TCM Sundaram, IDG Ventures has so far backed 76 start-ups, including Myntra, FirstCry and Lenskart

PE firms show interest in firms such as Lenskart, Livspace that have reduced costs while growing sales

Viability of PolicyBazaar's business model and valuations of HCG Global and LensKart made IvyCap Ventures pass on the investments, says founder Vikram Gupta

Ola has expanded its presence in Australia by introducing its service to Brisbane, Gold Coast and Canberra, Oyo Rooms is looking to foray into China after Malaysia and Nepal, Lenskart too is eyeing Asian countries

Lenskart wants to invest in early-stage startups to collaborate in development of innovative products

Online eyewear firm Lenskart plans to invest $5 million in the next 3 years at its manufacturing facility for spectacles frames