Tech Company Financing Transactions
Lenskart Funding Round
Lenskart secured a $500 million funding round on 3/16/2023. Investors included Abu Dhabi Investment Authority.
Transaction Overview
Company Name
Announced On
3/16/2023
Transaction Type
Venture Equity
Amount
$500,000,000
Round
Undisclosed
Investors
Abu Dhabi Investment Authority (Lead Investor)
Proceeds Purpose
The funding for Lenskart comes at a time when deal flow activity has slowed significantly in the Indian startup market, especially for late-stage startups. The number of $100 million or higher rounds fell 50% in India last year to just 48 -- and the vast majority of them were closed in the first half of 2022, Bain and Company said in a report Wednesday.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
13th Floor, Vatika Mindscapes 12/1, Mathura Road, Sector 27D
Faridabad, Haryana, 121003
IN
Faridabad, Haryana, 121003
IN
Phone
Website
Email Address
Overview
Lenskart's mission is to give India a vision. Lenskart.com is India's fastest growing eyewear company and largest eyewear company online. Lenskart's products range from prescription eyewear, branded contact lenses and sunglasses, all equipped with the customers'? eye power. Lenskart is backed by IDG Ventures, Unilazer Ventures and TPG Capital. With a growing chain of offline stores in all cities in India, and its unique Home Eye Check-up service which takes expert optometrists to customers homes/office for an eye test, Lenskart has done what no one could till now. Clearer vision is absolutely accessible now!
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 3/16/2023: Seamless Therapeutics venture capital transaction
Next: 3/16/2023: Andes venture capital transaction
Share this article
News on VC Transactions
We do our best to report on funding rounds that are announced publicly. VC transactions reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs