Jobaaj Stories
Days after we at Jobaaj reported about the acquisition of Owndays by Lenskart, the company raised another $200 million at a valuation of $4.5 billion.
The company closed its last funding round in April 2022, where it raised $100 million at a valuation of $2.5 billion. This time, the company raised $200 million in a round led by Alpha Wave Global but also saw the participation of other investors like Avendus and Epiq Capital.
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“We are looking to grow by 60-70% in the current financial year. While most of the 1,100 stores of Lenskart are in India, we will continue to expand with 400 new stores as we look to scale our revenue,” founder Peyush Bansal said, not commenting on the fundraising.
Recently, the company's CSR initiative, Lenskart Foundation, headed by Peyush Bansal's wife, Nidhi Mittal Bansal, announced the opening of its fourth Child Eye Care Centre in Delhi. The foundation plans to open 100-150 centers in the next two years to provide access to much-needed eye care.
Early in June 2022, the founder had said that the company was planning an IPO in 2-3 years but was in no hurry and that the company wanted to expand more before going public.
Article by Aman Agarwal.
This news piece is brought to you in association with jobaaj.com
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