Lenskart is an eyewear retailer company that has recently raised $200 million in its second fundraising  from Temasek and Fidelity Management & Research Company. This investment made Temasek to  increase its stake in the startup. The advisor of the transaction for the company, Avendus Capital  mentioned that after this round, Lenskart had more than $1 billion in capital. 

The startup plans to use this fund to enhance its technology and focus on market expansion. The  startup is based in Gurgaon and was founded by Peysh Bansan to offer best-in-class and affordable eyewear to its customers and solve their eye-related problems. The company saw participation from  its existing investors including Temasek, and new investors including FMR company. Lenskart is  predicted to be valued at over $5 billion in its secondary funding round. The startup has expanded  nationally and globally. The company has made its name in international markets including Southeast  Asia and the Middle East.  

This startup has invested in diverse brands in the past few years including GeoIQ, TangoEye, and  Owndays. The Singapore-based startup, Neso is a subsidiary of Lenskart that has secured $100 million  in its seed funding round in May 2022. Lenskart has invested in Le Petit Lunetoer through its Neso  Brands. The company had an increase in its revenue to Rs 3,788 crore in FY23 from Rs 1,502 in FY22.  Lenskart also reduced its losses by 37.3% to Rs 64 crore through its scaling and expenditure  management. The company has the most income from India with 59% of its total revenue and the  remaining income was from international operations including Singapore, the U.S., the Middle East,  and Dubai. 

The founder of Lenskart mentioned about acquiring land near Bengaluru airport to set up a new  factory. The company also offers an online platform to match a perfect frame according to its customer linking. The company claims to have in- house robotic lens manufacturing that ensures 100 accuracy  and the best- quality glasses. 

Conclusion: 

Lenskart secured a $200 million investment in the second round led by Temasek and Fidelity  Management & Research Company. The startup plans to use this fund to enhance its technology and  concentrate on market expansion. The startup is based in Gurgaon and was founded by Peysh Bansan  to offer best-in-class and affordable eyewear to its customers and solve their eye-related problems.  Lenskart is predicted to be valued at over 5 billion USD in its secondary funding round. Lenskart is  predicted to be valued at over $5 billion in its secondary funding round. The startup has expanded  nationally and globally. The startup has expanded nationally and globally.

The company claims to have  in-house robotic lens manufacturing that ensures 100 accuracy and the best-quality glasses. The  startup earned the most revenue from India with 59% of its total revenue and the remaining income  was from international operations Including the U.S., Singapore, the Middle East, and Dubai. The advisor of the transaction for the company, Avendus Capital mentioned that after this round, Lenskart  had more than $1 billion in capital.