[Funding News] Lenskart Secures $20 Mn Funding led by Peyush and Neha Bansal

Lenskart, a store specialising in eyewear, has secured an investment of around $20 million from its co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi.

The co-founders of Lenskart have made their second investment in the company within the past seven months.

Lenskart's board has approved a special resolution to issue 695,875 CCPS at an issue price of Rs 2,300 each, with the aim of raising Rs 160 crore or $19.12 million.

Read also - Fresh Bus Raises INR 43.6 Cr In Series A Funding Round

Piyush Bansal spearheaded the funding round with a contribution of Rs 70.70 crore, while Neha Bansal invested Rs 70.39 crore. Amit Choudhary and Sumeet Kapahi contributed amounts of Rs 9.60 crore and Rs 9.35 crore, respectively.

Lenskart asserts that it possesses over 2,500 outlets, with around 2,000 of them located in India. India contributes to around 60% of the company's revenue, while the remaining income is derived from its worldwide operations in places like Singapore, Dubai, the US, and Southeast Asia.

About Lenskart

Founded in 2008 by Peyush Bansal, Amit Chaudhary, Lenskart is Asia’s largest eyewear company serving 40 Million people - helping them see better and lead better quality lives. We have more than 1500 omnichannel stores across 175 cities in India, Singapore and Dubai.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.