Lenskart Cruzes Into Unicorn List After Raising $231 Mn In Funding - Viral Bake
69
69 points

Delhi based eyewear startup Lenskart is raising a whopping $231 million (around ₹1,644 crore) from SoftBank Vision Fund II Lightbulb Ltd as part of its Series G round. Post the deal, the value of Lenskart hiked to $1.5 billion, thus helping it sail into the ‘unicorn’ startup club. The Faridabad-based startup also raised around $55 million from Kedaara Capital in September.

Also Read: NEFT Transfer Will Be Available 24×7 From Today. Here’s All You Need To Know

Founded in 2010, the eyewear brand deals in eyeglasses, powered sunglasses, and contact lenses. Lenkart has a strong online and offline presence in the market and plans to take its number of stores in the country to 2,000 stores in the next five years.


Read more at Inc42



Like it? Share with your friends!

69
69 points

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
1
win