Lenskart, an eyewear firm, received close to $20 million from its founders, Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi. The founders have now given Lenskart money twice this year. The company is trying to raise $19.12 million by issuing a unique type of share.
This sum is in addition to the $200 million that Lenskart has received from Fidelity Management & Research Company and Temasek. Lenskart was valued at more than $5 billion after the investment.
About 2,000 of Lenskart’s more than 2,500 outlets are located in India. The remaining stores are located abroad, in Singapore, Dubai, and other places. Despite the recent financial difficulties faced by businesses, Lenskart has raised over $1 billion in the last 18 months. Because Lenskart is expanding internationally and performing well financially, investors like the company. From $1.5 billion in 2022 to $3.8 billion in 2023, Lenskart’s revenue increased. In comparison to 2022, the corporation lost less money in 2023.
